Britain and Canada on Saturday resolved to negotiate a new bilateral trade deal in 2021, rolling over the terms of the EU’s CETA trade agreement with Canada.
Prime Ministers Boris Johnson and Justin Trudeau sealed the rollover pact in a video call early this morning. British Trade Secretary Liz Truss and her Canadian counterpart Trade Minister Mary Ng also joined in on the call.
The deal will ensure that nearly £20 billion in annual trade between the countries keeps flowing after Britain leaves the EU on January 1, 2021. British businesses export £11.4 billion worth of goods and services to Canada each year. Sectors that stand to prosper from continued trade in the U.K. include carmakers and the food an