"The Comprehensive Economic Trade Agreement that Canada recently signed with the European Union is Canada’s most important trade deal since the North American Free Trade Agreement. CETA is likely to transform Canada much more than NAFTA has, and has already had a significant impact on provincial-federal relations in Canada.
CETA’s potential to transform Canada lies in the fact that the European Union is the world’s largest trader of manufactured goods, and is the No. 1 investor and recipient of investments worldwide. It is also the most important trading partner for about 80 countries around the world...."