UK, Canada Sign Trade Agreement
Thursday, December 10, 2020 | Tag Cloud Tags: Brexit, Canada, EU, News, tariff, Trade, UK, United Kingdom, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – The United Kingdom on Wednesday signed a trade agreement with Canada, days before the end of the Brexit transition period, removing the risk of an estimated £42 million ($56.15 million) tariff burden on UK exports.
The deal, agreed on Nov. 21, is signed in Ottawa by David Reed, the UK’s Deputy High Commissioner for Canada, and John Hannaford, Canadian Deputy Minister of International Trade.
The rolling over of the current EU–Canada trade deal means that UK businesses can continue their £20 billion ($26.57 billion) trading of goods and services with Canada after Dec. 31, when the UK is no longer a part of the EU’s Economic and Trade Agreement. [ Source: Epoch Times (Read More…) ]
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