Comprehensive Economic and Trade Agreement: a proposed free trade agreement between Canada and the European Union.
In 2008, Canadian goods and services exports to the EU totalled C$52.2 billion, an increase of 3.9% from 2007, and imports from the EU amounted to $62.4 billion.
It should be noted, however, that the impending Comprehensive Economic and Trade Agreement between Canada and the European Union (likely to be ratified in 2015) will see Canada apply all of the provisions of UNECE standards as 'allowable alternatives' to the CMVSS standards; Canada currently applies 14 of the 17 ECE main standards as allowable alternatives - the exceptions at this point relate to motorcycle controls and displays, motorcycle mirrors, and electronic stability control for passenger cars.
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