Possible Trade Agreement Between UK and Canada

Possible Trade Agreement Between UK and Canada Possible trade agreement between England and Canada. If the agreement is signed, the new route that Britain is trying to draw in global trade will be partially determined. Britain and Canada almost reached an agreement on a new agreement to replace the trade agreement with the European Union while the UK was a member. It is stated that this agreement will support the British Prime Minister Boris Johnson's efforts to draw a new route in global trade outside of the European Union. According to the news that Bloomberg by the anonymous sources due to the confidentiality of the subject, it is anticipated that the details of this agreement will be clarified within a few days. If the agreement is not signed, the UK and Canada will face tariffs in trade as of January 1, when the Brexit transition is complete and the UK is no longer part of the CETA, which came into effect in 2017. According to data for 2019, approximately 17 billion pounds (23 billion dollars) of trade was taking place between the UK and Canada. UK Department of International Trade said, “Trade negotiations are advanced and progressing well. The UK is committed to signing a permanent agreement with Canada before the 'transition process' ends.”