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Canada Trade Policy Update

24 March 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

Issue Summary

The UK Department for International Trade is announcing the launch of negotiations for an enhanced Free Trade Agreement (FTA) with Canada.

Action Requested

Negotiations will begin today, 24 March 2022, to upgrade the existing UK-Canada Trade Continuity Agreement. The Government will continue to engage stakeholders and uphold high standards throughout the process.

Key Facts

  • The UK-Canada Trade Continuity Agreement was signed on 9 December 2020.
  • Negotiations will launch on 24 March 2022.
  • Canada remained one of the UK's top 20 trading partners, ranked 16th, with total trade worth £19.2 billion in goods and services.
  • UK exports enjoy an estimated £58 million fewer duties under the current agreement.
  • 10,300 SMEs already export to Canada.
  • The UK will pursue areas of mutual interest including women’s economic empowerment, digital trade, innovation, and climate action.
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