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Trudeau, Johnson announce Canada-UK trade deal ahead of Brexit deadline

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Canadian Prime Minister Justin Trudeau and British Prime Minister Boris Johnson, along with International Trade Minister Mary Ng and U.K. Secretary of State for International Trade Liz Truss on Saturday announced a new trade deal between the two countries ahead of the Dec. 31 Brexit deadline, which would have triggered new tariffs on a range of Canadian exports.

Under the interim deal, the key provision under the Comprehensive Economic and Trade Agreement (CETA) would be preserved, which entails the elimination of tariffs on 98 per cent of Canadian exports to Britain. The deal will still require approval by both governments.

The deal comes after weeks of negotiations since the summer to strike a deal which will help avoid triggering a tariff on exports such as seafood, beef and autos on Jan. 1.

For more info, please go to https://globalnews.ca/news/7476667/canada-britain-trade-deal/
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Category
U.S. & Canada
Tags
Canada, U.K., Canada-UK Trade Deal
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