You are here: Home » International » News » Economy
Business Standard

Canada introduces bill to implement post-Brexit trade agreement with UK

The Canadian government has introduced a bill to implement the newly inked post-Brexit trade agreement with the United Kingdom, Global Affairs Canada said in a statement

Canada | UK | Brexit deal


A woman holds up EU, UK flags after Brexit announcement

The Canadian government has introduced a bill to implement the newly inked post- trade agreement with the United Kingdom, Global Affairs said in a statement.

Earlier on Wednesday, Deputy High Commissioner for David Reed and Canadian Deputy Minister for Trade John Hannaford signed the trade agreement, which keeps existing trading arrangements in effect while the two nations engage in negotiations on a more advanced trade deal.

"Today, the Honorable Mary Ng, Minister of Small Business, Export Promotion and Trade, introduced Bill C-18, An Act to implement the Canada-United Kingdom Trade Continuity Agreement (Canada- TCA), in the House of Commons," the statement said on Wednesday.

The agreement is expected to enter into force on January 1 after the United Kingdom formally leaves the European Union.

The trade agreement will ensure the continued levy-free exchange of more than USD 22 billion in goods between the two countries, according to Canada's foreign ministry.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, December 10 2020. 08:47 IST