Britain is determined to reach trade deal with Canada before year-end



© Reuters. Britain’s International Trade Secretary Liz Truss is seen in London

LONDON (Reuters) – Britain is determined to reach a trade deal with Canada before the end of the year, trade minister Liz Truss said on Thursday, underlining that after securing a continuity agreement the two countries could go much further.

Britain is negotiating several bilateral trade deals to come into force once it exits a transition arrangement with the European Union at the end of this year, and many of them would simply replace the terms the bloc had already agreed.

After leaving the EU in January, Prime Minister Boris Johnson is trying to shape a “global Britain” that can strike out alone and negotiate better agreements than the bloc. But so far, his critics point out, the deals are largely the same.

Asked in parliament about how the talks with Canada were progressing, Truss said: “We’re determined to reach a deal with Canada before the end of the year.”

“What we’re negotiating at the moment is the vital continuity agreement but I do hope that in the future, as Canada is a member of the Trans-Pacific Partnership … that we will be able to go much further and build a much deeper relationship with Canada.”

A spokesman for Johnson added to the picture that the deal was close to being signed by saying that the talks were “at an advanced stage and are progressing well”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  Social groups urge mass debt relief for poor countries hit by virus crisis

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here