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.  The person exercising independent decision-making power in Company A is an economic beneficiary in Company B, on the understanding that the person holds all the votes of Company A in Company B.  According to European Union estimates for 2014, a free trade agreement would increase inter-regional trade by 25%.  The agreement is expected to increase the EU`s GDP by around EUR 12 billion per year.  According to a 2016 study, which focuses critically with Austria, Europe and Canada, the economic benefits are marginal.  Niinisto visited Canada from September 8 to 11, 2005. The group consisted of Jan Vapaavuori, Minister of the Economy, and a delegation of business leaders.
 Owner Company A may be considered to be under the control of a person if the person in the business can make decisions independently. That is the case, for example. B, if the person owns more than 50% of the shares and votes of the company, or if the person is a partner in a general partnership or a comple or limited partnership. Ceta was ratified by Canada on December 17, 2005. Mr S.A.  In Europe, it is 21 December 2005. Latvia and Denmark ratified on 16 June 2017.  Full entry into force has yet to be ratified by each Member State.
The partial implementation of the agreement as part of an agreement previously reached one month after canada`s ratification is facing headwinds, not least because Canada wants to give priority to its cheese and cheese producers.  In this case, the company`s board of directors or partner or manager or any other person in an appropriate position are considered effective beneficiaries under the Money Laundering Act.