BrexitForeign PolicyMPTrade

UK “In Negotiations With Canada, Australia & New Zealand” For Gold Standard Deal

The UK’s Secretary of State, Liz Truss MP, has updated the nation’s International Trade Committee on the current Brexit negotiations and confirmed that talks are ongoing with Canada, Australia and New Zealand for a comprehensive deal.

UK Secretary of State, Liz Truss, is undertaking negotiations with CANZUK countries (photo: PMP Magazine)
Written by James Skinner

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

            

Speaking on November 4th, the UK’s Secretary of State, Liz Truss MP, provided a detailed update of the UK’s ongoing trade negotiations around the world.

The UK is scheduled to conclude its transition period with the European Union by the end of December 2020, meaning all trade deals applying to the European Union will no longer be effective in the United Kingdom.

“It is good to be here to give an update on our trade negotiations as we continue our journey as an independent trading nation,” said Truss. “This government is determined to deliver tangible economic value for communities across the entire country through new and enhanced trading relationships. We will also make sure that our trade is values driven and presents the best of Britain to the world.”

Truss highlighted the achievements made by concluding a trade deal with Japan, which will provide preferential tariffs in each country for agricultural products, digital services, textiles and other commodities.


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Truss also referenced the ongoing negotiations with other countries, specifically highlighting talks with the CANZUK nations.

“We are also in negotiations with Canada, Australia and New Zealand which will deliver further gold standard provisions. And I congratulate the government of New Zealand on their recent election which I hope will help pave the way to a deal. This month we will kick off our latest round of talks with Australia.”

The reference comes shortly after the Australian government confirmed that freer movement will be a top priority for a trade deal with the UK, and the Canadian government highlighted optimism that a post-Brexit trade deal could be concluded by the end of 2020.

“This is the beginning of what independent life can look like. This is the UK helping set global rules with like-minded democracies,” concluded Truss.

CANZUK International welcomes the update from the UK’s Secretary of State and will continue to advocate for free movement and a comprehensive trade deal between the CANZUK countries as part of ongoing Brexit negotiations.

         
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