Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 28/05/2022 08:05 
21.11.2020 20:12 News >> Canada-UK Reach New Trade Deal Before Brexit

Canada-UK Reach New Trade Deal Before Brexit

UK PM Johnson hails 'fantastic' agreement.

Canada and the UK reached a new interim trade deal, Saturday, beating the Brexit deadline of Dec. 31.
Prime Minister Justin Trudeau and his UK counterpart Boris Johnson made the announcement at the beginning of the virtual G20 Summit.
The trade deal between the two countries is essentially a continuation of the Comprehensive and Economic Trade Agreement (CETA) which included Canada and Britain, but the portion between Canada and the UK would have expired when Brexit kicked in.
Trudeau said the deal allows the two countries the time to work out a more detailed deal.
"Now we get to continue to work on a bespoke [tailored] agreement, a comprehensive agreement over the coming years that will really maximize our trade opportunities and boost things for everyone," Trudeau said.
Johnson tweeted his enthusiasm for the "fantastic trade agreement" that keeps the Canadian market open for the UK.
"British businesses export everything from electric cars to sparkling wine to Canada, and today's deal will ensure that trade goes from strength to strength."
Called the Canada-United Kingdom Trade Continuity Agreement, the deal ensures that tariffs will not be applied on 98% of goods traded between the two nations.
Trade between the two totaled CAN$29 billion in 2019.
"We knew that having an interim agreement would be crucial to ensure that businesses, exporters, our workers on both sides of the Atlantic have the continuity and the predictability that they need," Canada's International Trade Minister Mary Ng said. "This trade continuity agreement between Canada and the United Kingdom assures we maintain our strong and mutually beneficial trade relationship."
The deal must be approved by both countries and in Canada, that means approval from Parliament.
Canadian opposition politicians have complained there is not enough time to study all provisions of the deal in detail before the traditional extended holiday break. -



        Latest News
Israeli Fire Kills Palestinian Teenager In West Bank: Health Ministry -49 minutes ago...
15 year old Zaid Mohammad Ghuneim was shot in the back and neck.
Anadolu Agency's Morning Briefing - May 28, 2022 -49 minutes ago...
Daily briefing on latest developments in Turkiye and around the world.
African Journalists Closely Follow Turkish Media Outlets -19 minutes ago...
2 day Turkiye Africa Media Summit was recently organized by Communications Directorate in Istanbul.
8Th Mercy To Universe Film Festival Set For November -19 minutes ago...
International festival in Istanbul will highlight aspects of life of Prophet Muhammad.
Palestinian Official Heads To Egypt To Discuss Gaza Reconstruction -19 minutes ago...
Essam al Dalis holds top government position in the Gaza Strip.

 
      Top News
African Journalists Closely Follow Turkish Media Outlets African Journalists Closely Follow Turkish Media Outlets
Anadolu Agency's Morning Briefing - May 27, 2022 Anadolu Agency's Morning Briefing - May 27, 2022
FDA Hopes To Resolve US Baby Formula Shortage In Coming Weeks FDA Hopes To Resolve US Baby Formula Shortage In Coming Weeks
Poland Adopts Bill To Drop EU-Criticized Judicial Disciplinary Chamber Poland Adopts Bill To Drop EU-Criticized Judicial Disciplinary Chamber
Russian President Expresses Readiness To Help Overcoming Global Food Crisis Russian President Expresses Readiness To Help Overcoming Global Food Crisis
African Human Capital Discussed At Istanbul Media Summit African Human Capital Discussed At Istanbul Media Summit
Afghan Asylum Seekers Being 'Brutally Mistreated' By Bulgarian Authorities: Rights Group Afghan Asylum Seekers Being 'Brutally Mistreated' By Bulgarian Authorities: Rights Group
Spain To Reform Intelligence Agency After Pegasus Spying Scandal Spain To Reform Intelligence Agency After Pegasus Spying Scandal
French Ngos, Academics Call For Dignified Reception For All Exiled People French Ngos, Academics Call For Dignified Reception For All Exiled People
Diary Diary