Britons sign second trade deal after Brexit, this time with Canada.
The United Kingdom signed a trade deal with Canada on Saturday, the British Department of Commerce said. This makes the North American country the second major nation with which the UK will conclude a trade agreement after Brexit. In early September, the islanders already signed a trade deal with Japan.
The deal will prevent trade barriers from suddenly appearing between the UK and Canada in January when the British leave the EU for good. Without an agreement, there would be import tariffs on the 20 billion pounds of products, such as salmon and gin, that go back and forth between countries.
British Prime Minister Boris Johnson welcomed the news. “This is a fantastic deal for the UK that secures transatlantic trade with one of our closest friends,” said Johnson.
The agreement does not mean that talks between the two countries will end. According to British Trade Minister Liz Truss, the parties will continue to talk to each other to reach an even more comprehensive agreement next year. We look forward to reaching a more ambitious trade deal next year, with the aim of creating more opportunities for our businesses and life. Of our population,” said Truss.
The deal with Canada is already the second trade agreement the United Kingdom has concluded since it left the European Union in January. The British already signed a trade agreement with Japan in September. The ability to negotiate trade deals with different countries yourself was one of the drivers of the Brexit campaign in the UK.