Sun, Jan 17, 2021 @ 18:02 GMT
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UK and Canada struck GBP 20B trade deal

Over the weekend, the UK and Canada struck a rollover trade deal that underpins GBP 20B worth of trade after the Brexit transition period. The agreement “largely replicates” the EU deal on tariff reductions and provisions for labour and environment.

UK International Trade Minister Liz Truss said the deal ” locks in certainty for thousands of jobs”. Canada Minister of Small Business, Export Promotion and International Trade, Mary Ng said, “we do want an ambitious, high level comprehensive trade agreement with the UK,”

Separately, the UK and EU will enter their final week of negations. Chancellor Rishi Sunak told BBC that “no deal is better than a bad deal”. “We should not be going for a deal at any price, that would be the wrong thing to do and I think there are things that are important to us in these negotiations, and we’ve been entirely, as I said, reasonable, consistent and transparent.”

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