CETA@5: Delivering trade benefits during unprecedented times

As a group, the 27 European Union members (referred to as the EU hereafter), represent Canada’s third largest merchandise trading partner after the United States and China. In 2021, the EU accounted for 4.8 percent of Canada’s merchandise exports (the 2nd most important destination for Canadian merchandise exports) and 11.0 percent of Canada’s merchandise imports (the 3rd largest source).