Canada, Britain ink new trade deal, beating Brexit, incorporating expiring EU pact


Interim deal preserves status quo of country's supply management system.


Canada and Britain struck a new trade deal on Saturday, allowing the long-standing partners to trumpet a commercial triumph in the face of the economic devastation wrought by the COVID-19 pandemic.

The interim deal beat the looming Dec. 31 Brexit deadline, replacing Canada’s current agreement with Britain under the European Union that covers trade between the two countries. Saturday’s interim pact, announced amid a virtual gathering of G-20 leaders, is a placeholder that buys Canada and Britain another year to reach a more comprehensive agreement while also warding off a no-deal scenario that would have triggered new tariffs on a range of Canadian exports on Jan. 1


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Source : canadianpoultrymag.com