It is also the EU`s first trade agreement with an East Asian country. The agreement was signed on June 30, 2005 by European and Canadian leaders. The rapporteur was Mr. S.A. Robert Fico, Slovak Prime Minister, Donald Tusk, President of the European Council, Jean-Claude Juncker, President of the European Commission, and Justin Trudeau, Prime Minister of Canada, attended the signing ceremony.  The agreement was approved by the European Parliament on 15 June 2005. The ratification was thus completed at EU level.  Before voting with CETA, the European Parliament criticised the agreement, in particular its Investment Protection and Dispute Resolution (ISDR) procedure; Settlement of investor-state disputes). Even the adoption of the agreement by Parliament was uncertain. In January 2016, the EU invited Canada to include an investment protection section in the agreement. The EU wants to introduce a new right to resolve disputes with permanent professional judges and the right to appeal. The EU has proposed a similar solution in similar free trade negotiations with the US.
The United States opposes the new EU model.  It is also the EU`s first trade agreement with an East Asian country. The agreement opens up public procurement at the regional and local level at the Canadian level. The agreement guarantees EU businesses better access to public procurement in the province than Canadian companies in the past.  An economic beneficiary is always a person. The estate of a deceased, a corporation, an association or a public body cannot be invoked as an economic beneficiary. In a company owned by a public body (for example. (B) there are generally no effective beneficiaries.
In this case, the board of directors, the executive or any other person in an equivalent position are considered effective beneficiaries. One of the main problems of regulatory cooperation is its ability to slow down the reforms necessary for regulation, health care or the financial market environment when their implementation is incompatible with the interests of companies or investors.  Please note that the company must submit a notification to the actual beneficiaries, even if the company does not have effective beneficiaries to meet these requirements or if the company does not know them. It is not clear that CETA will bring growth and growth in terms of investment, economy or employment. In particular, jobs are disappearing for small and medium-sized enterprises, certain industries and peasant agriculture.