The breakdown of trade discussions between the United States and Canada has resulted in Prime Minister Carney turning to expanded trade with Europe. That raises two fundamental questions:
First, Canada already has a free trade agreement with the EU: the Canada-European Comprehensive Economic and Trade Agreement (CETA). Canada also has the Trade Continuity Agreement (TCA) with Britain, and an agreement with European Free Trade Association (EFTA), whose members include Iceland, Lichenstein, Norway and Switzerland. Given that we have these agreements with virtually all of Europe, what does “turning to Europe” mean exactly?
