Definition, Meaning & Synonyms
ceta
noun
/ˈsɛtə/
Definition
CETA is an abbreviation for the Comprehensive Economic and Trade Agreement, which is a free-trade agreement between Canada and the European Union.
Examples
- CETA has reduced tariffs on many goods between Canada and EU countries.
- Many businesses benefit from CETA by accessing new markets.
- Critics argue that CETA could undermine local regulations and protections.
Meaning
CETA aims to promote trade and economic growth by reducing or eliminating barriers to trade and investment.
Synonyms
- trade agreement
- free trade pact
- economic partnership
