UK, Canada launch negotiations for new FTA

Building on the benefits of the UK-Canada Trade Continuity Agreement, the new FTA will go further than ever before in areas like innovation, digital, data, the environment and women’s economic empowerment, a UK government press release said.

For example, the adoption of digital trading systems can make trade cheaper, faster and more secure for businesses. This could see more than 10,000 UK small and medium-sized businesses benefiting from lower barriers to trade such as simplified paperwork, encouraging more businesses to start trading with Canada.

Canadian demand for imports is projected to grow by 45 per cent by 2035. Canadian-owned businesses employ 108,000 people across the United Kingdom and additional investment resulting from a new deal could support jobs across the country and help level up the UK.

ALCHEMPro News Desk (DS)