UK, Canada to Negotiate New Trade Deal Next Year
The United Kingdom and Canada will roll over their existing trade deal into 2021 and will begin negotiating a new agreement after the U.K. officially leaves the European Union Jan. 1 (see 2011230001), the U.K. said Nov. 21. The U.K.…
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said the two sides will negotiate a “more ambitious” deal next year. The agreement to continue the existing provisions “will support the British automotive manufacturing and food and drink industries which between them provide jobs for more than half a million people across the UK,” the announcement said. It is foundational to a new deal that “will be tailored for the British economy with the potential to go further in new areas like digital trade, women’s economic empowerment and the environment.”