Canada and the United Kingdom announced this Thursday (03.24.2022) the start of negotiations for a free trade agreement, after the “Brexit” of January 1, 2021. “I am pleased to announce that Canada and the United Kingdom officially start negotiations for a new free trade agreement,” said Canadian Trade Minister Mary Ng, joined by her British counterpart, Anne-Marie Trevelyan. The negotiations could last two years.
“In 2021, the UK was Canada’s third largest trading partner for goods and services, with billions of dollars flowing between our two countries,” Ng said. For his part, Trevelyan indicated that he wanted to “go further and faster than ever to stimulate trade in areas such as digital, financial and legal services, as well as research and development.”
Since the UK’s departure from the European Union, London is seeking to boost its international trade, but will still have to wait for a free trade agreement with Washington. The United States and the United Kingdom resolved their dispute over steel and aluminum tariffs on Tuesday, but the Joe Biden administration showed no rush to resume negotiations for a free trade deal.