United Kingdom, Canada, Trade

United Kingdom, Canada

Britain and Canada agree post-Brexit rollover trade deal

Britain and Canada agree post-Brexit rollover trade deal

22/11/2020 12:20:00 PM

Britain and Canada agree post-Brexit rollover trade deal

[LONDON] Britain and Canada struck a rollover trade deal on Saturday to protect the flow of US$27 billion-worth of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year. Read more at The Business Times.

Britain and Canada struck a rollover trade deal on Saturday to protect the flow of US$27 billion-worth of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year.PHOTO: REUTERS[LONDON] Britain and Canada struck a rollover trade deal on Saturday to protect the flow of US$27 billion-worth of goods and services between them after Brexit, and vowed to start talks on a bespoke agreement next year.

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As Britain prepares to end its transition out of the European Union (EU) on Dec 31, it has negotiated multiple rollover bilateral deals to maintain trade, with many simply replacing the terms the bloc had already agreed.British Prime Minister Boris Johnson joined Canada's Justin Trudeau and their respective trade ministers on an online call to mark the deal, which paves the way for a tailor-made agreement covering more areas such as digital trade, small businesses, the environment and women's economic empowerment.

"Today's agreement underpins £20 billion (S$35.66 billion) worth of trade and locks in certainty for thousands of jobs," Liz Truss, the UK's international trade secretary, said in a statement.Her Canadian counterpart Mary Ng said the transitional agreement"largely replicates" the EU deal on tariff reductions and provisions for labour and environment. headtopics.com

Read more: The Business Times »

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