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UK & Canada Trade Talks Will Begin “Day After Brexit”

Canadian Prime Minister, Justin Trudeau, has said that Brexit will allow Canada and the UK to forge a larger and “more impactful” trading relationship than the current agreement with the European Union, according to The Times.

Canadian Prime Minister, Justin Trudeau, has expressed support for a Brexit trade deal with the UK

Written by James Skinner

James is the founder & chief executive of CANZUK International in Vancouver, Canada

            

Speaking at 10 Downing Street in London with British Prime Minister, Theresa May, Trudeau said he is willing to open formal trade negotiations “the day after Brexit” next year. He assured that trade between the UK and Canada would continue seamlessly.

The Canadian government has previously said it will use the current agreement, the Comprehensive Economic and Trade Agreement (CETA), as the starting point for negotiations. However, Trudeau openly stated that Canada and the UK can go beyond that agreement for “an even better or larger or more impactful deal”, potentially including visa arrangements between the two countries.

“There will be things in CETA that are no longer as necessary between Canada and the UK, and there’d be other areas where we would be interested in going further,” he said.

“Trade deals are always challenging but it should be fairly easy for all of us to get to an improved approach on trade between Canada and the UK.”


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The commitment from the Canadian government comes ahead of Canada and the United Kingdom demonstrating eagerness to foster greater collaboration with each others’ security and defence industries, with Australia, New Zealand and the United Kingdom also praising their mutual commitment to establishing trading arrangements by the time the UK leaves the European Union in 2019.

It is also expected that Canada, Australia, New Zealand and the United Kingdom will continue to develop trading relationships ahead of the UK’s departure from the European Union, before expanding such arrangements to include security and defence cooperation, and eventual visa liberalization and free movement between the four countries.

      
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