CETA is a trade agreement between the European Union and Canada, which has been provisionally applied on 21. September 2017. It is the most advanced agreement of this kind that provides new opportunities for overseas trade and investment, providing small and large exporters from the EU, much better access to the Canadian market and vice versa. The European Union with its 28 member states is the second largest Canadian trading partner and the second most important destination for Canadian Foreign Direct Investment (FDI). The value of total trade in 2017 between the European Union and Canada amounted to € 69,182 million. The Republic of Croatia also benefits from the Agreement and Croatian exports to Canada amounted to € 87 million, while the value of imports amounted to € 38 million. This agreement has already abolished tariffs on 97,7% of European products and 98.2% of Canadian products from the first day of entry into force. In order to better connect the EU to other countries, negotiations are being made and trade agreements are being signed to remove barriers and facilitate easier and better access to the global market. After its provisional entry into force, the agreement is pending approval from EU members states.