London Britain has signed a preliminary trade agreement with Canada. The agreement signed on Saturday paves the way for future negotiations on a new, adapted agreement between the two countries, the British government said.
“This is a fantastic deal for Britain, which will secure transatlantic trade with one of our closest allies,” said British Prime Minister Boris Johnson. “British companies export everything from electric cars to sparkling wine to Canada, and today’s deal will see the trade move from strength to strength.”
Great Britain continues to trade with other countries within the European Union after withdrawing from the EU in January. The transition phase is expected to end on December 31st.
Without new bilateral trade deals, trade with countries could be affected by tariffs and bureaucracy. The provisional deal with Canada is the UK’s second major trade deal after Brexit. Britain signed a free trade agreement with Japan in October.
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