On 27 April 2009, EU Member States adopted a negotiating mandate for the implementation of a new economic free trade agreement between the EU and Canada: the Comprehensive Economic and Trade Agreement (CETA). Negotiations were officially started at the EU-Canada Summit held in Prague (Czech Republic) on 6 May 2009. The first meeting on the Canada-European Union Comprehensive Economic and Trade Agreement was held on June 10, 2009. The first round of negotiations took place in Ottawa from October 19 to 23, 2009. On January 18, 2010, Canada and the European Union met in Brussels for the second round of negotiations. The third round of negotiations took place in Ottawa from April 19 to 23, 2010. The fourth took place in Brussels from 12 to 16 July, the fifth in Ottawa from 18 to 22 October 2010 and the sixth in Brussels from 17 to 21 January 2011. The two countries held a seventh round of talks in April 2011, while the eighth round took place during the week of July 15, 2011. The ninth round of negotiations took place in Ottawa from October 17 to 21, 2011. There are a number of negotiations with countries in the hope that a future free trade agreement can be concluded. Some of the most important are Australia, New Zealand and Mercosur (Brazil, Argentina, Uruguay, Paraguay) A study showed that trade agreements implemented by the EU between 1993 and 2013 « lowered quality-adjusted prices by almost 7% ».
 The Court of Justice of the European Communities has held that the provisions on investor-state arbitration (including a specific jurisdiction under certain free trade agreements) fall within the competence of the European Union and its Member States and that, for this reason, their ratification should be authorised both by the EU and by each of the 28 States.  After agreement with the partners on the text of the agreement, the Commission submits formal proposals to the Council for adoption. . . .