UK and Canada sign trade agreement

The UK’s Deputy High Commissioner for Canada David Reed, and Canadian Deputy Minister of International Trade John Hannaford signed the UK-Canada Trade Continuity Agreement yesterday in Ottawa.

The signing comes after both countries last month announced an ‘agreement in principle’ to roll over current trading arrangements and begin negotiations on a new, bespoke UK-Canada trade deal in 2021.

Today’s agreement gives certainty for UK businesses exporting goods and services to Canada worth £11.4 billion. The trade deal supports British industries including automotive manufacturing and food and drink, which between them provide jobs for more than half a million people across the UK.

Overall, an estimated £42 million tariff burden on UK exports has been saved. 

UK producers will continue to benefit from zero tariffs on many agricultural and seafood exports including chocolate, confectionary, fruit and vegetables, bread, pastries and fish. Last year the UK exported £344m worth of agri-food goods to Canada.

For more information:
www.gov.uk/government


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