The Comprehensive Economic and Trade Agreement

Background

According to Canada’s Ministry of Foreign Affairs, Trade and Development:

“The historic Canada and European Union (EU) Comprehensive Economic and Trade Agreement (CETA) is by far Canada’s most ambitious trade initiative, broader in scope and deeper in ambition than the historic North American Free Trade Agreement. It will open new markets to our exporters throughout the EU and generate significant benefits for all Canadians. The Government of Canada has made opening new markets through agreements like CETA a priority—just one way it is creating jobs and opportunities for Canadians in every region of the country.” (http://international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/understanding-comprendre/overview-apercu.aspx?lang=eng)

A summary of the key points of agreement can be found on the Foreign Affairs, Trade and Development website:

http://international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/understanding-comprendre/technical-technique.aspx?lang=eng

Overview

This assignment is an analysis of the impact of the Comprehensive Economic and Trade Agreement on various stakeholders in Canada.

Content Requirements:

Basing your work on research on existing patterns of trade and on factor proportions, identify six (6) industries in which Canada holds a comparative advantage and six (6) industries in which the EU holds a comparative advantage. Use empirical data to support your conclusions;
Using the Technical Summary as your source, and using the twelve industries identified in Part 1 as examples, identify the impact that CETA will have on patterns of trade (levels of exports and imports) and on specialization in Canada;
Based on your answer to question #2 (above), identify the “winners” and “losers” of the agreement (for Canada only). Explain your answer.
Choose ONE winner and ONE loser from your answer to question #3. Using information available on the Internet, identify the opinions of each related to the CETA. Is the opinion of each consistent with your predictions in question #3? Support your answer with examples.
Your paper must reflect a thorough understanding of the concepts introduced in Weeks 1 & 2, corresponding to Chapters 1 to 5 in the Pugel text.
Style Requirements

Maximum 1,400 words (FIRM: 2% penalty for each 10% or portion thereof over the word count). Title page, Table of Contents, Abstract and References are not included in the word count. Section headings and sub-headings and in-text citations are included in the word count.
Conforms to APA style with respect to formatting and citations
Submit in Microsoft Word format
The document must have a 2.5 cm margins at the top and bottom of the page, and at the left and right edges of the page.
Use plain Times New Roman 12 pt. black font. Use bold or italic fonts only as permitted in the APA manual.

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