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Canada, U.K. strike transitional post-Brexit trade deal

Home News Canada, U.K. strike transitional post-Brexit trade deal

Canada and the United Kingdom have reached an interim post-Brexit trade agreement, Prime Minister Justin Trudeau and British Prime Minister Boris Johnson announced Saturday. Canada and the United Kingdom flag Brexit trade agreement

“Now we get to continue to work on a bespoke agreement, a comprehensive agreement, over the coming years that will really maximize our trade opportunities and boost things for everyone,” Trudeau said.

“Free trade is an important part of the way that we’re going to bounce back from COVID, but I also think that Canada and the U.K. share a perspective about building back greener,” said Johnson, who also took a moment to congratulate Trudeau for taking steps to get Canada to net-zero carbon emissions by 2050.

The Canada-United Kingdom Trade Continuity Agreement extends the elimination of tariffs on 98 per cent of goods exported between the two countries and sets the stage for negotiations toward a permanent and more ambitious deal in the new year. The deal could include “the potential to go further in areas like digital trade, the environment and women’s economic empowerment,” a release from the British government said.

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