Bill to implement Canada-UK Trade Continuity Agreement introduced in the House of Commons
The agreement will maintain mutual preferential access to traders of both countries
Following the official signature this week of the Canada-UK Trade Continuity Agreement (Canada-UK TCA) by representatives of the two countries, the Government of Canada introduced Bill C-18 in the House of Commons to implement the agreement.
This agreement will maintain preferential access to traders of both countries, such as elimination of tariffs on 98% of products, even as the United Kingdom exits CETA.
If adopted, the TCA will include:
• continued opportunities for Canadian agriculture, fish, and seafood exporters, as well as commercially meaningful access for all Canadian products
• continued opportunities for Canadian service suppliers, including financial services; the agreement would maintain service-market access to the United Kingdom that is among the best that country has historically granted
• continued guaranteed access for Canadian suppliers to the $188-billion U.K. government procurement market
• continued high CETA standards on labour, the environment, and dispute settlement
