Tariff elimination
Most raw minerals are already exported to the EU duty-free. However, processed products such as petroleum oils, metals and metal products, which accounted for an annual average of $2-billion worth of Canadian exports between 2010 and 2012, were subject to EU tariffs. With raw minerals accounting for most of the Canadian exports in this sector, the extractive industries are the only significant beneficiaries of current Canada-EU trade. CETA will change this landscape by ensuring that not only will those who extract minerals from the ground benefit from new market opportunities in the EU, those who fashion them into higher-value products will benefit as well. Upon entry into force, CETA will eliminate existing EU tariffs on metal and mineral products, making these world-class products more competitive and creating the conditions for increased sales. This will directly benefit hard-working Canadians through more jobs, higher wages and greater long-term prosperity. For example, EU tariffs will be eliminated on:
- aluminum and aluminum products, from rates averaging 6.3 percent, with peaks of 10 percent;
- nickel and nickel products, from rates of up to 3.3 percent;
- non-ferrous metals, including copper, zinc, lead and tin, from rates averaging 3.1 percent, with peaks of 9 percent;
- iron and steel and iron or steel products, from rates of up to 7 percent.
http://www.actionplan.gc.ca/en/page/ceta-aecg/increasing-exports-metal-and-mineral-products
