According to a statement published by the European Union, this deal will eliminate duplication in security checks and certification procedures. The agreement paves the way for cooperation between the two nations when dealing with inspections, investigations and regulatory procedures. Finally, officials say it will help boost trade.

"The new agreement makes the EU-Canada market one of the most open in the world and is a milestone for EU-Canada relations. It is an important sign that the EU and Canada are acting not to close down their markets, but to remove barriers and improve links between people and businesses," the European Commission's vice president responsible for transport said when the agreement was signed in December 2009. The deal is only now moving forward because it needed Parliamentary approval.