November 22, 2020
1 min read

UK, Canada announce interim trade agreement

Canada and Britain signed the Canada-United Kingdom Trade Continuity Agreement on Saturday as an interim post-Brexit trade agreement that will take effect on January 1, 2021 when Britain cuts its final ties to the European Union.

Canadian Prime Minister Justin Trudeau and his British counterpart Boris Johnson announced the deal at a live video news conference on Saturday, Xinhua reported.

“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.

The new deal will roll over the provisions in the Canada-EU Comprehensive Economic and Trade Agreement (CETA), which will no longer include Britain on January 1.

Boris Johnson

It will provide continued access to the benefits of CETA on a bilateral basis, including the elimination of tariffs on 98 per cent of Canadian products exported to the United Kingdom.

Britain is Canada’s fifth largest trading partner after the United States, China, Mexico and Japan.

Also Read-French Prez Calls For United Response To Pandemic

Previous Story

Pacer Mohammed Siraj sticks to duty even at father’s demise

Next Story

Lee suggests ensuring affordable vaccines

Latest from -Top News

Jaishankar, Tharman Discuss Strategic Ties

The discussions come ahead of President Tharman’s scheduled meetings with President Droupadi Murmu and Prime Minister Narendra Modi on Thursday…reports Asian Lite News External Affairs Minister S. Jaishankar met with visiting Singapore

New Zealand, UAE Seal FTA

New Zealand’s key exports to the UAE include dairy, industrial products, meat, horticultural products and travel services…reports Asian Lite News New Zealand has signed a Free Trade Agreement (FTA) with the United

India Shines at Heimtextil 2025

The January 14-17 event saw vibrant participation from industry leaders and exporters, highlighting India’s drive for global textile leadership….reports Asian Lite News India highlights its textile prowess at Heimtextil 2025 in Messe

India Bets Big on a Sustainable Future

India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 per cent to touch 209.44 GW…reports Asian Lite News India is projected to see a five-fold growth in green

Tamil Pride Finds Voice in US House

The resolution states that designating January as Tamil Language and Heritage Month will enable the people of the United States to honor and celebrate the Tamil community’s rich history, language, and culture….reports
Go toTop