US EditionCanada, UK agree to establish trade working group, expand defense collaboration
- On December 15, 2024, the United Kingdom formally joined the CPTPP, a trade pact involving countries across the Indo-Pacific region, thereby opening up new trading opportunities with its nine member nations.
- Following the 2016 referendum and its subsequent exit from the EU half a decade ago, the UK was able to pursue membership in the CPTPP trade agreement.
- Canada has committed to ratifying the UK's membership and plans to present the necessary legislation to its parliament this autumn, while both nations have also created a joint UK-Canada Economic and Trade Working Group.
- A Downing Street spokesman stated that the agreement will significantly support UK businesses by reducing tariffs on trade with Canada, while the working group will focus on overcoming market access challenges, enhancing digital trade, and fostering collaboration on artificial intelligence.
- The UK and Canada also set up a taskforce to advance progress on technology, artificial intelligence, and the wider UK-Canada Free Trade Agreement, aiming to support shared growth and national security.
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·Germany
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Keir Starmer handed keys to £12 TRILLION Brexit boost as Canada agrees to UK joining major trade bloc
Canada has agreed to sign off on its side of a new trans-Pacific trade agreement in a Brexit boost, which could bolster trade with the UK and support British exporters.Mark Carney, the Canadian Prime Minister, announced Canada will agree to the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in a meeting with Sir Keir Starmer.The CPTPP is a major trade bloc whose members - Australia, Brunei, Ca…
·London, United Kingdom
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Evening Standard+6 Reposted by 6 other sources
Canada agrees to ratify Britain’s accession to major trans-Pacific trade pact
The UK joined the bloc in 2024, but Canada is yet to ratify its accession.
·London, United Kingdom
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Leaning Left9Leaning Right2Center5Last UpdatedBias Distribution56% Left
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56% Left
L 56%
C 31%
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