BrexitCanadaTradeUnited Kingdom

Canada & UK Expected To Finalize Post-Brexit Trade Deal This Year

The UK and Canadian governments are reportedly set to launch post-Brexit trade talks imminently with a finalized agreement set to be reached by the end of the year.

Prime Ministers Boris Johnson and Justin Trudeau meet for trade talks (photo: Sean Kilpatrick / The Canadian Press
Written by James Skinner

James is the Founder & Chief Executive of CANZUK International in Toronto, Canada

            

Following the UK’s Department for International Trade revising its global tarriff strategy and publishing the rates that will apply to trading partners’ exports, the Canadian government responded with interest to secure a post-Brexit trade deal that will take effect upon the end of the UK’s transition period with the EU.

Canada’s Minister for Small Business, Export Promotion and International Trade, Mary Ng, tweeted that both the UK and Canada were keen to reach “an ambitious agreement that will be crucial to Canadians’ economic recovery” from the COVID-19 crisis.

“Good to connect again with my UK counterpart, Lizz Truss”, she said. “We talked about strengthening our trade relationship to create opportunities for our people, as well as the UK’s interest in the CPTPP – an ambitious agreement that will be crucial to Canadians’ economic recovery.”


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A spokesperson for the UK’s Department for International Trade also said, “We’re engaging constructively with the Canadian government on transition of the CETA at the end of the transition period.”

The announcement for a Canadian-UK trade deal comes soon after free movement and trade talks with the Australian government last month were described as successful and “productive”, and New Zealand parliamentarians suggested an upcoming trade agreement should include the free movement of people between the countries.

CANZUK International will continue to engage with the Canadian government to ensure that free movement is a priority objective as part of an upcoming post-Brexit trade agreement with the UK, and advocate for furthering migration accords between the CANZUK countries.

         
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