Canada holds promising post-Brexit talks with the UK

By awrara ra

Following its decision to leave the European Union, the UK has opened up talks with Canada regarding future trade deals.

Britain’s International Trade Secretary Liam Fox, a strong campaigner for leaving the EU, told the Sunday Times that exchanges were ‘very fruitful’ with Canadian counterparts. Nothing can be signed until the Brexit process is complete, as the European Union has to negotiate trade deals on behalf of its member states.

Prime Minister Justin Trudeau has already put on record his desire to strike new deals with the UK, with its own EU trade deal finally showing signs it may be progressing towards some sort on conclusion.

"The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values," he said in a statement. "We will continue to build relations with both parties as they forge a new relationship."

It is certainly in both parties’ interest to conduct tariff-free trade, with the UK being Canada’s third largest trading partner behind the USA and China. 

Follow @BizReviewCANADA

Read the July 2016 issue of Business Review USA & Canada magazine

Share

Featured Articles

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech

Sustainability

Hear Vodafone Business cyber chief Kawalec at Cyber LIVE

Leadership & Strategy