Feds consult on future of U.K. trade
The U.K. continuity deal, a planned bilateral trade agreement and the U.K.’s entry into CPTPP are all on the agenda
By D.C. Fraser, Reporter, Manitoba Co-operator
April 27, 2021
The federal government wants to know what Canadians think of the United Kingdom joining its Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
At the same time, it is also seeking opinions on entering a possible bilateral deal with the former European Union country.
Canada’s trade with the U.K. is currently governed by the Canada-U.K. Trade Continuity Agreement (TCA), which came into force April 1.
That deal essentially carried over text that was included in Canada’s previous trade agreement with the U.K., the Comprehensive Economic Trade Agreement (CETA) involving European Union members.
The need for a transitional agreement arose when the United Kingdom officially left the EU in 2020. Following a one-year transition, the text of CETA stopped applying to the United Kingdom in 2021.
Opposition MPs and industry associations have raised concern over...