How reassuring. I mean what is the plus? Is it just another trade agreement or will it cover services? CETA put limits on the import/export of physical goods for tariff free and regulatory ease. How will that be better than what is in place now?
What is the plan, surely all this Leavers who have been jabbering on about it for decades had some idea of the path to take?
Didn’t they?
To cover a bit of background, if you recall, the last time I posted I mentioned that shortly after the Brexit vote Canada privately proposed that Britain become a third signatory to the CETA treaty. The UK rejected this and Canada stepped back from the fray. The UK wanted "more" than was in CETA.
Another bit of background is that the EU have said that they plan on basing future trade treaties with other parties on CETA. That is, the CETA treaty will be used as a template that will be modified to suit specific circumstances.
So, from the EU's perspective, the default treaty arrangement for the UK as a third party would be to start with CETA and work from there. Apparently, some factions in the UK government have a similar opinion.
To address one of your comments, CETA does cover services, including financial services.
Where the "plus" comes in is what gets added to it. For example, the UK may wish to remain part of the European air transport safety regulation system or pharmaceutical regulation. That isn't something covered by CETA.
Another aspect involves mutual recognition of regulations involving food safety, product safety, labelling, and other considerations. Canada begins from a different starting point than the EU, so there will be ongoing work finding ways of bridging those differences. Consider for example what you would have to do to make a frozen pizza in Canada and ship it to the EU (or visa versa). What sanitary procedures do you follow? What ingredients are allowed? Do you need to get government food inspectors from both parties to inspect it, or will each accept the approval of the other party? Ideally, you would prefer the latter and work towards making it feasible.
The UK starts from already having a history of being part of the EU and so UK regulations and standards are already equivalent. That means there isn't any need to work towards some sort of regulatory convergence, the two sides are already there. The UK should be able to ship regulated goods to the EU, and visa versa, and have them recognized as meeting local standards from day one rather than something that is worked towards. This may be part of the "plus".
The above two paragraphs are very, very, important to understand. There is much talk about how Canada faces more regulatory barriers in trading with the EU (this cuts both ways of course). The people who mention this though seem to miss the point that the reason for it is that the regulations are different. There will be ongoing work to bring regulations more closely in line to reduce those, but that will be a work in progress. Unlike Canada, the UK starts from a position of already being completely aligned with the EU and so doesn't face the same problem that Canada and the EU do with respect to each other. The two parties just need to formally recognize this situation.
To what degree Canada Plus differs from Chequers may be in the eye of the beholder, as we don't know how much plus would be in "Plus" as negotiated and how much minus would get subtracted from Chequers in negotiation.
I believe that how the Irish border question would need to be addressed would be independent of which trade arrangement was chosen.