Plastics exporters to benefit from EU-Canada trade deal

Keith Nuthall
EUROPEAN PLASTICS NEWS

Published: December 3, 2013 12:36 pm ET
Updated: December 3, 2013 12:38 pm ET

Related to this story

Topics Public Policy, Canada, Europe

European Union and Canadian plastics exporters are to benefit from a new free trade deal. Once the Comprehensive Economic and Trade Agreement (CETA) has been ratified (probably in 2015), it will lead to all existing non-food duties imposed on good traded between the parties being scrapped.

This will mean an end to 6.5 percent duties levied by the EU and Canada on imports of each other's plastic tubes, pipes and hoses, and fittings; plastic floor coverings; lavatory seats and covers; plastic sacks and bags; and tableware, kitchenware and other household articles.

Also being scrapped is the 2-6.5 percent levy charged by Canada on EU plastic self-adhesive plates, sheets, film, foil, tape, strip and other flat shapes; and the 6.3 percent duties charged by the EU on these products when made in Canada. And the 3 percent duties charged by Canada on EU exports of melamine resins, and the 6.5 percent duties charged by the EU on Canadian exports of the same, will go.

European Commission president José Manuel Barroso said: "This agreement will provide significant new opportunities for companies in the EU and in Canada by increasing market access for goods and services."

The EU already sells substantial volumes of plastics to Canada. In 2012 it exported US$49.4 million worth of plastic plates, sheets, film, foil and strip; US$45.2 million worth of plastic tubes, pipes and hoses, and fittings. It also sold US$7.2 million worth of plastic tableware and kitchenware.

As for Canadian exporters, in 2012 they sold US$33.1 million worth of plastic plates, sheets, film, foil and strip to the EU, and US$8.9 million worth of plastic tubes, pipes and hoses, and fittings; and US$2.1 million worth of tableware and kitchenware, for instance.


Comments

Plastics exporters to benefit from EU-Canada trade deal

Keith Nuthall
EUROPEAN PLASTICS NEWS

Published: December 3, 2013 12:36 pm ET
Updated: December 3, 2013 12:38 pm ET

Post Your Comments


Back to story


More stories

OSHA investigation launched following blast at NJ reticulated foam plant

October 24, 2014 9:00 am ET

Four workers were concussed and sustained minor injuries during an explosion at the Inoac Crest Foam plant in Moonachie, N.J., earlier this month.    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Image

FTC warns bag makers to take care before making biodegradeability claims

October 23, 2014 12:30 pm ET

Makers of oxodegradable or oxo-biodegradable plastic bags should consider themselves on notice, according to the U.S. Federal Trade Commission.    More

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Total picks new management following CEO's death in crash

October 23, 2014 11:03 am ET

Total SA has picked a new management team to oversee the company in the wake of a plane crash in Moscow that killed its chairman and CEO earlier this ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events