In 2013, the European Union signed a trade pact with Canada so that both parties can increase exports to foreign markets and boost their respective economic sectors. This paper will examine the purpose of CETA and its impact on Canadian industry. The focus will be on the food, pharmaceutical, forestry, marine and mining industries, including water supplies in Canada. CETA, a trade pact between the European Union and Canada, is expected to open up markets between North America and Europe. This openness is expected to lower costs and improve the importation of European products into Canada (Chong, 2013). This lowering of costs will benefit citizens who will pay less for the products, therefore also less taxes (Johnson, 2013, p. 560). Furthermore, trade would cause economic growth and create more jobs for Canadian citizens (Chong, 2013). Nearly 80,000 new jobs will be created, bringing an additional $12 billion to the federal economy (Chong, 2013). CETA as a trade pact benefits certain sectors of Canadian industry. One of these is the food industry which annually earns over 1.5 billion dollars from exports to Europe (Ryan, 2014, p. 24-26). The European Union will allow Canadian beef to enter the Union without any tariffs (Kimantas, 2014, p.11). It is expected that more than 35,000 tonnes will be exported, thus increasing the initial amount of beef originally produced in Canada (Kimantas, 2014, p.11). Additionally, the Canadian Hilton quota, which is a limited amount of beef, can be increased; therefore, the amount of beef containing chemicals or GMOs imported into the European Union will also increase, although many European environmentalists are against such a change (Kerr, 2011, p.667). Pork producers will also make... paper half... pork, some provinces may compromise water quality or run out of water, to take care of the huge amount of animals that be produced into meat ( Kimantas, 2014, p.11). It is estimated that, for example, “one ton of beef requires 15,000,000 liters of water” (Kimantas, 2014, p.11). Finally, seaports will also suffer to meet CETA export requirements. Changing port infrastructure to facilitate increasing containerization will cost Canadian taxpayers $5.8 billion per year. (Ryan, 2014, p.24-26). In conclusion, although CETA will bring many benefits to Canadian industry, it will also harm important sectors resulting in decreased sales, increased taxes and lack of investment for the Canadian economy in exchange for technology and opening the market to millions of customers in Europe.