The future of maritime transport between Canada and Cyprus

Canada Cyprus maritime sector Ceta Business Network
The maritime sector is among the most profitable industries, both in Canada and Cyprus. How Ceta can improve the economies of the two countries.

The maritime transport sector plays a vital role in the economies of both Canada and Cyprus. The two countries have a long history of collaboration in this sector, and are working together to improve the efficiency and sustainability of their maritime transport systems.

Canada has a large and well-developed maritime transport sector, with a number of major ports and shipping routes. The country’s extensive coastline and strategic location make it an important hub for international trade, and Canadian companies are known for their expertise in the shipping and logistics industries.

Cyprus, on the other hand, has a smaller but growing maritime transport sector. The country’s main port is located in the capital city of Nicosia, and there are several smaller ports along the coast. Cyprus is also developing its shipbuilding industry, and is investing in new technologies to improve the efficiency and environmental performance of its maritime transport system.

The collaboration between Canada and Cyprus on maritime transport has led to several notable achievements. For example, the two countries have signed a bilateral agreement on shipping, which allows companies from both countries to operate in each other’s waters. This has facilitated increased trade between Canada and Cyprus, and has helped to create new business opportunities for companies in both countries.

In addition, Canada and Cyprus are working together to develop new technologies for the maritime transport sector. For example, the two countries are collaborating on research and development for electric and autonomous ships, with the goal of reducing emissions and improving the sustainability of the maritime transport system.

Overall, the partnership between Canada and Cyprus on maritime transport is important for the economies of both countries. Through collaboration and investment, the two countries can improve the efficiency and sustainability of their maritime transport systems, and facilitate increased trade and tourism between them.

The role of CETA in maritime transport

The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between the European Union and Canada. The agreement aims to remove barriers to trade and investment between the two parties, and to create new opportunities for businesses and workers in both regions.

CETA has several provisions that relate to the maritime transport sector. For example, the agreement allows Canadian and European companies to operate in each other’s waters, and to provide maritime transport services between the two regions. This has facilitated increased trade and investment between the EU and Canada, and has helped to create new business opportunities for companies in the maritime transport sector.

In addition, CETA includes provisions on regulatory cooperation and standardization, which aim to reduce red tape and increase the efficiency of the maritime transport system. For example, the agreement establishes a joint committee on maritime transport, which brings together regulators from the EU and Canada to discuss and address issues related to the sector.

CETA plays an important role in the maritime transport sector by facilitating increased trade and investment between the EU and Canada. The agreement’s provisions on market access and regulatory cooperation help to create a more efficient and sustainable maritime transport system, and provide new opportunities for companies in the sector.

Cyprus has not ratified the CETA agreement

Overall, CETA is an important agreement for the economies of the EU and Canada, and has the potential to create new opportunities for businesses and workers in both regions. While Cyprus is not a party to the agreement, the country is already covered by the agreement as a member of the EU, and can therefore benefit from the increased trade and investment facilitated by CETA.

In August 2020, the parliament of EU member Cyprus did not ratify the agreement. In the vote, 37 MPs voted against and 18 in favour of ratifying the agreement.

Government officials said after the government’s decision that Nicosia will try to negotiate some exemptions for Cypriot products before the agreement is again submitted to the House of Representatives for approval.

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Sergio Passariello

Sergio Passariello

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