Canada. #UK; #CETA; #GlobalTrade
Ottawa/Canadian-Media: Mary Ng, Minister of Small Business, Export Promotion and International Trade, along with Elizabeth Truss, the United Kingdom (UK)’s Secretary of State for International Trade, announced Nov 21 the successful conclusion of talks for the Canada-UK Trade Continuity Agreement towards negotiating a comprehensive free trade agreement, media reports said.
Image credit: Twitter handle of Canada Trade
In view of the departure of UK from the European Union (EU), Comprehensive Economic and Trade Agreement (CETA) will no longer apply to the United Kingdom beginning January 1, 2021.
But CETA continues to govern Canada-EU trade by the successful conclusion of Canada-UK Trade Continuity Agreement.
Mary Ng. Image credit: Twitter handle
UK, the third largest market worldwide in foreign direct investment, and science and technology was Canada’s largest merchandise export market in Europe in 2019,
The government of Canada's consultation is open with Canadians and the provinces and territories, before going back to the negotiating table with the UK and will always prioritize the needs of Canadian workers and businesses.
The Canadian Trade Commissioner Service continues to serve companies doing business in the United Kingdom and in the EU.