Polish yachts set sail for Canada CETA removes 99% of all customs duties, including the 9.5% tariff imposed on yachts.

• Delphia Yachts exports around 95% of its production to more than 40 countries around the world.

• CETA eliminates 99% of all tariffs and harmonises regulatory cooperation.

The Delphia Yachts shipyard was founded in 1990 by two brothers, Piotr and Wojciech Kot. The company has since become the largest builder of luxury yachts in Poland, exporting 95% of its production to more than 40 countries around the world.

Key destinations for Delphia’s yachts include the United States, Australia and Japan but in recent years the company has also been present in Canada. In each of these cases, transport and logistics costs are a major burden to business, often reaching tens of thousands of dollars. That is why any savings are crucial.

The ratification of the EU-Canada Comprehensive and Economic Trade Agreement, CETA, eliminates tariffs on yachts - as high as 9.5%.

Such promising international business has not only benefited Delphia Yachts. The surrounding area of Olecko in the region of Masuria has seen economic growth in the wake of the company’s success.

Wacław Olszewski, Mayor of Olecko, appreciates the importance of the shipyard for the development of the city and the region “Delphia Yachts is the largest investor in the areas of economic activity of Olecko and one of the biggest tax payers on real estate,” explains the Mayor. “The number of employees is nearly 700, which in a region where the unemployment rate is at 17.8 per cent is of great importance.”

Did you know? • On average, each €1 billion of exports supports

14 000 jobs across the EU.• In Poland alone, 1 in 8 jobs are supported by

exports to countries outside the EU.

“Currently, internal Canadian regulations are a considerable barrier to us. It would be really helpful if some of the Canadian legislation would be consistent with the regulations in Poland. And there’s hope they will be.”

Did you know? • 99% of all customs duties on goods and services

are abolished under CETA. This results in EU-wide savings of about €500 million every year.

The EU-Canada Comprehensive and Economic Trade Agreement

The Comprehensive Economic and Trade Agreement (CETA) is a freshly negotiated EU-Canada treaty. It offers EU firms more and better business opportunities in Canada and supports jobs in Europe. It removes customs duties, ends restrictions on access to public contracts, opens-up the services market, offers predictable conditions for investors and helps prevent illegal copying of EU innovations and traditional products. The agreement has been estimated to result in EU-wide savings of about €500m every year. In addition, bilateral trade volume is expected to increase by around 23% (€17bn).

Find out more about the EU’s trade relations with Canada: http://ec.europa.eu/trade/policy/in-focus/ceta/index_pl.htm

Check out more examples of small businesses that export from the EU: http://ec.europa.eu/trade/trade-policy-and-you/in-focus/exporters-stories/

Piotr & Wojciech Kot, co-founders, Delphia Yachts

Delphia Yachts employs around 700 people in Olecko. CETA eliminates customs duties which are as high as 9.5%.