Canada Successfully Concludes Talks on Transitional Trade with UK

coracle News

Global Affairs Canada has announced a new interim deal with the United Kingdom that will bridge the gap between the end of the UK’s involvement with CETA at the end of this year, and the establishment of a comprehensive trade agreement between the two countries.

With the United Kingdom exiting the European Union, and therefore the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), Canada is committed to continue strong and stable trading relationships with both the UK and EU. 

As of January 1, 2021, an interim deal will be in place with the UK that provides continued access to the benefits of CETA, including the elimination of tariffs on 98% of Canadian products exported to the United Kingdom. This will give Canadian exporters to the UK a competitive edge, and will provide stability and predictability until a comprehensive new trade deal can be worked out. [1]

If you have any questions about implications on your tariffs, contact the Canaan Customs department. We’re here to help.

[1] Canada successfully concludes talks on transitional trade continuity agreement with the United Kingdom, Global Affairs Canada