The United Kingdom has unilaterally announced a pause in free trade talks with Canada due to concerns over cheese exports and rules of origin. However, the impact is limited to a small percentage of trade between the two countries.
There was a bit of hyperventilating recently when the United Kingdom unilaterally announced a “pause” in free trade talks with Canada because they didn’t think they were getting a deal that “delivered” for them. They specifically mentioned their cheese exports to Canada , and the “ rules of origin ” affecting some of their manufactured exports to Canada .
The Canadian reaction was basically “keep calm and carry on!” Two-way trade in goods and services between our two countries totals close to $45-billion per year— that’s about $1-billion in British pounds every fortnight. It’s growing, and it’s 99 per cent tariff free. The current British kerfuffle is about that remaining one per cent. It does not affect the 99 per cent. It’s useful to keep those orders of magnitude in perspective. Until recently, trade between Canada and the United Kingdom was governed very successfully by the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union. It was negotiated when Britain was part of the EU, and the U.K. took good advantage of i
UK Canada Free Trade Cheese Exports Rules Of Origin Trade Agreement
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