Policy & Ethicsdigital tradecross border datatrade policy
Canada Modernizes Trade With EU, Launches Digital Pact
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8.0
Canada and the European Union agreed to modernize the Comprehensive Economic and Trade Agreement signed in 2016 and to launch negotiations for a new digital trade pact. The update targets digital commerce, cross-border data flows, cybersecurity, and investment dispute mechanisms, building on a pact that removed roughly 98% of tariffs while Canada seeks to reduce nearly 70% export dependence on the United States.
Scoring Rationale
High regulatory and diplomatic significance across markets, limited novelty since it updates an existing CETA and follows expected diversification trends.
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