Canada–United Kingdom Free Trade Agreement
Proposed free trade agreement between Canada and the United Kingdom
Canada
United Kingdom
-
Mary Ng -
Anne-Marie Trevelyan
until 6 September 2022
Kemi Badenoch
from 6 September 2022
- Canada
- United Kingdom
The Canada–United Kingdom free trade agreement is a proposed free trade agreement which began negotiations on 24 March 2022.[1] The trade agreement will be the third FTA to cover Canada–UK trade, and will supersede the UK–Canada Trade Continuity Agreement, extending the deal to cover services and digital trade.[2]
History
While a member of the European Union, the Canada and Britain worked together on negotiations towards a Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union.[3] The agreement has been ratified by the European Parliament and is provisionally in force since 2017.[4]
The UK left the European Union at the end of January 2020, but continued to participate in the EU's trade agreements during a transition period that ended on 31 December 2020. In November 2020, the UK and Canada signed a continuity agreement in order to apply the terms of the EU-CA agreement to their bilateral trade.[5] In March 2023, the UK concluded negotiations to acceed to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership a trade bloc of which Canada is a founding member.[6]
On 25 January 2024, the United Kingdom suspended negotiations for the free trade agreement due to a standoff between the two sides on the UK maintaining market access barriers for Canada’s agriculture industry.[7][8] This was the first, and sole, time that the United Kingdom has suspended negotiations for a trade deal since Brexit.[9]
See also
Canada portal
United Kingdom portal
Politics portal
- Canada–United Kingdom relations
- Free trade agreements of Canada
- Free trade agreements of the United Kingdom
- Foreign relations of Canada
- Foreign relations of the United Kingdom
References
- ^ "UK launches negotiations with Canada on a new, modernised trade deal". GOV.UK. 24 March 2022. Retrieved 18 December 2023.
- ^ "Free-trade deal between Canada and Britain will set a new benchmark". The Times. 28 April 2023. Retrieved 18 December 2023.
- ^ "UK trade with Canada up 14% since new free trade agreement introduced". GOV.UK. 10 December 2018. Retrieved 18 December 2023.
- ^ "Commercial and Economic Relations". Government of Canada. Archived from the original on 28 April 2018. Retrieved 16 March 2015.
- ^ Mattha Busby (21 November 2020). "UK and Canada to trade on EU terms after Brexit transition". The Guardian. London. Retrieved 18 December 2023.
- ^ "'A significant milestone for UK trade': Britain signs deal to join £12trn Indo-Pacific trading block". Sky News. 16 July 2023. Retrieved 18 December 2023.
- ^ Goshko, Susannah [@SusannahGoshko] (25 January 2024). "A statement from the UK Government on our decision to pause Free Trade Negotiations with Canada" (Tweet). Retrieved 25 January 2024 – via Twitter.
- ^ "UK Breaks Off Free Trade Talks With Canada on Lack of Progress". Bloomberg. 25 January 2024. Retrieved 25 January 2024.
- ^ "UK halts talks with Canada on post-Brexit trade deal". Financial Times. 26 January 2024. Retrieved 26 January 2024.
External links
Media related to Relations of Canada and the United Kingdom at Wikimedia Commons
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