Not only the crown pandemic, but Brexit is causing problems for many British companies. There is now a positive outlook for trade between the UK and Canada.
London (AP) – Six weeks before the end of the Brexit transition phase, Britain and Canada agreed to a preliminary trade deal.
In this way, both states want to continue to ensure their economic relations. British Prime Minister Boris Johnson and his Canadian colleague Justin Trudeau sealed the deal on Saturday in a video conversation, the Department for International Trade announced in London.
This will pave the way for negotiations starting in 2021 for “a new and more ambitious deal,” said Trade Minister Liz Truss in London. The auto, beef, salmon and gin trade, for example, could continue unimpeded, Truss said on Twitter.
Britain left the international community in late January. But in the transition phase that will soon be over, almost everything has remained the same. So London continued to trade with other countries in the European Union.
The UK Chamber of Commerce welcomed the deal with Canada, but stressed that similar deals should be signed with major markets such as Turkey and Singapore as soon as possible. The British Industry Association also praised the deal; it could be “the basis for a deeper trade deal.”
Britain and Japan had already agreed to a bilateral free trade agreement in October, largely corresponding to the existing agreement between Tokyo and the European Union.
Emily Thornberry of the opposition Labor Party urged Johnson to secure 14 more continuity agreements with countries like Mexico and Ghana. “Time is running out”.
The outcome of the negotiations between the EU and Great Britain on a free trade agreement is still uncertain. Without a contract, there is a risk of a strong economic breakdown. Possibly, a decision could be made at the beginning of the week. On Friday, the President of the EU Commission, Ursula von der Leyen, spoke of great progress. But there were “a few more meters to go.”