The Euler Hermes has been assisting companies of all sizes from around the globe to be more competitive in international markets for over 100 years. In 2017 alone, we supported over $1 trillion in transactions from our 55,000 customers, making us the go-to source of information for the most relevant, informed credit decisions for your business. 

Euler Hermes’ presence and expertise in the European markets will allow you to take full advantage of the Comprehensive Economic Trade Agreement (CETA) and support your sustainable growth efforts. The Knowledge Centre is the perfect place to start your exploration of the European markets. It will give insight of our local footprint per country and economic insights.

CETA Foundation

The Comprehensive Economic and Trade Agreement (CETA), which went into provisional effect on September 21st, 2017, opens up vast new markets within the European Union and will promote international trade and overall growth in both economies. With CETA, Canada now enjoys preferential access to the second largest economy, the E.U., adding to its standing access via the North American Free Trade Agreement (NAFTA) with the world’s largest economy, the U.S. Perhaps more importantly, CETA presents are markable chance for Small and Medium Enterprises (SMEs) to export into new markets.

Some industries will enjoy a boost in exports

CETA also establishes property rights, and opens the E.U. services sector to Canadian businesses, including providers of management, financial, architectural, and IT services. The E.U. is the largest importer of services in the world. In 2015 alone, the E.U. imported $936 billion in services; $16.5 billion came from Canada. Finally, the agreement allows E.U. and Canadian companies to bid on each other’s government projects, a potential boon to constructions companies and those SMEs which supply them.

The agreement will offer new opportunities for SMEs to grow, expand into new markets, and create new jobs. Of course, expansion into new markets can be risky, especially if you don’t know who you are selling to. This is where Euler Hermes can help. We have a database of information on over 40 million companies worldwide, and we have offices in 52 countries around the globe. Euler Hermes provides protection to our clients so that they can safely expand their sales into new markets, and take advantage of exciting new opportunities, like CETA.

Dan North, Chief Economist Euler Hermes North America (Jan.2018)

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