Global Tax 50 2016: Chrystia Freeland
International Tax Review is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Global Tax 50 2016: Chrystia Freeland

Canadian minister of international trade and a key figure in the CETA negotiations

Chrystia Freeland

Chrystia Freeland is a new entry this year

The Canadian Minister for International Trade, Chrystia Freeland, who is part of Prime Minister Justin Trudeau's government that swept to power in late 2015, hit the headlines in October 2016 for her work on the ailing Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union.

The agreement was five years in the making, but was very nearly derailed at the final hurdle by Wallonia, the French-speaking southern region of Belgium, after the European Commission decided that CETA had to be signed off by all regional parliaments.

"We spent the day there and we worked very hard with Wallonia and the European Commission to address the concerns of the Walloons," Freeland said. Despite this, Wallonia's concerns – which mainly related to the controversial investment court system that would have been imposed as a result of the deal, which many citizens across the EU, and particularly in Wallonia, felt gave companies too much power to sue governments – looked to have sunk the whole deal.

"It seems evident to me, and to Canada, that the EU is not capable of having an international agreement, even with a country that shares European values such as Canada, and even with a country that is so kind and patient like Canada," Freeland said at the time. "Canada is disappointed, me personally I am very disappointed. I worked very, very hard but I think it is impossible. We have decided to go home. I am truly very, very sad."

Despite the setback, CETA did progress, thanks in no small part to Freeland, her team and their contemporaries in the EU. The deal was able to progress 98% as planned, with an 'Interpretative Declaration' on the most contentious parts of it – i.e. the investment courts.

CETA was finally signed on October 30 2016 and will be in force, provisionally, from 2017.

Potential benefits of the trade deal include closer ties between Canada and the EU in the form of closer product regulations and the lowering or removal of tariffs in many areas.

Aside from CETA, Freeland has also held talks with UK Trade Minister Liam Fox in July, which he said looked into the possibilities for a post-BREXIT trade deal. Freeland, however, quickly clarified that she was focusing on the EU deal.

For Freeland, 2016 was a landmark year in concluding CETA, but once this is effective in 2017, her attentions may move to another trade agreement with an independent Britain, or to other key trading partners for Canada.

The Global Tax 50 2016

View the full list and introduction

The top 10 • Ranked in order of influence

1. Margrethe Vestager

2. The International Consortium of Investigative Journalists

3. Brexit

4. Arun Jaitley

5. Jacob Lew

6. Antoine Deltour and Raphaël Halet

7. Operation Zealots

8. Guy Verhofstadt

9. Theresa May (and the 'three Brexiteers')

10. Donald Trump

The remaining 40 • In alphabetic order

Kemi Adeosun

Piet Battiau

Elise Bean

Monica Bhatia

Allison Christians

Tim Cook

Rita de la Feria

Caroline Flint

Judith Freedman

Chrystia Freeland

Pravin Gordhan

Orrin Hatch

Meg Hillier

Mulyani Indrawati

Lou Jiwei

Paul Johnson

Stephanie Johnston

Chris Jordan

Pravind Jugnauth

Wang Jun

Jean-Claude Juncker

Kathleen Kerrigan

Christine Lagarde

Werner Langen

Jolyon Maugham

Angela Merkel

Narendra Modi

Will Morris

Michael Noonan

Grace Perez-Navarro

Platform for the Collaboration on Tax

Donato Raponi

Pascal Saint-Amans

Heather Self

Robert Stack

Tax Justice Network

The Gulf Cooperation Council (GCC)

Transparency International

US Committee on Ways and Means

Rodrigo Valdés

more across site & bottom lb ros

More from across our site

Australian businessman Gordon Merchant used EY’s advice to offset an A$85 million capital gain, according to the Federal Court
Griggs has been drafted in ahead of schedule as the incumbent Tim Ryan departs for Citigroup; while the Netherlands plans to scrap a 15% share buyback tax
Authorities must ensure that Russian firms do not use transfer pricing schemes to increase profits made from oil sold in different markets, advocacy organisations have argued
Fallet, a partner at law firm Mauger Muniz Advogados in Brazil, tells ITR about his passion for tax law, the leaders who inspired him, and what makes tax cool
The former chief operating officer will assume the role on July 1
Ahead of next week's Indirect Tax Forum in London, ITR spoke with Christian Van Der Valk of Sovos about how different governments and companies are embracing e-invoicing
Konrad Jeczewski has alleged he was threatened with negative reviews before being made redundant by EY Australia
The suggestion was welcomed by Skadden’s European tax head at a special event on space and tax
A majority of clients – particularly high-earning businesses – want advisers with demonstrable social credentials, according to a survey of more than 28,000 corporate counsel
The training comes at a ‘critical time’ in the fight against tax criminals; in other news, Spanish prosecutors have dropped a tax fraud case against Shakira
Gift this article