The End of the VAT exemption for goods up to €22 – No Transitional Period
22 June 2021
As from 1st July 2021, the European Union will introduce new VAT e-commerce rules to...
Canada's election brings delays to trade talks. A senior Canadian trade negotiator has acknowledged that free-trade talks between Canada and the European Union could drag on into next year.
Pierre-Marc Johnson, the chief negotiator for the province of Quebec, said that the Canadian side was still aiming at an agreement in principle "very late in the year", adding that the two sides had already exchanged offers on 90% of the tariff issues at stake.
The European Commission is eager to secure access to Canada's national and provincial public-procurement markets and to gain greater access for dairy products. Canada, for its part, wants barriers to Europe's financial services markets eased, and access to agricultural markets for pork, beef and grain products.
The most recent round of talks, held in Ottawa on 11-15 April, made little progress because of Canada's election campaign. An exchange of formal trade offers is now expected in July in Brussels.
Stephen Harper, Canada's prime minister, said in late March that he did not expect a deal until 2012. The European Commission and the Canadian negotiating team, which includes officials from the federal government and from all ten Canadian provinces, had set an end-of-2011 deadline for the completion of talks when they began last year.
On 2 May, Harper's Conservatives won a majority in Canada's federal parliament after five years as a minority government. Provincial involvement in the negotiations makes further delays likely as five provinces – including Ontario, Canada's economic powerhouse – go to the polls later this year. Progress could also be threatened by increasing concerns on the EU side over Canada's tar sands projects in Alberta.
Lead negotiators from the two sides are tentatively scheduled to hold informal talks at the end of May, which could pave the way for negotiations on the most difficult trade issues covered by the EU-Canada Comprehensive Economic and Trade Agreement (CETA).
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).