UK signs trade deal with Canada to prepare for Brexit

Daniel Fowler
November 24, 2020

But on Monday, EU Commission spokesman Daniel Ferrie said that "while some progress has been made in drafting legal texts, significant fundamental divergences remain in the three key areas" that negotiations have centered on - the fishing industry, how to check compliance with the deal and the standards the United Kingdom must meet to export into the EU.

The UK leaves the EU's single market and customs union at the end of the year and without an agreement there could be tariffs and quotas imposed on trade with the bloc.

Both sides are struggling to have a Brexit deal before the December 31 deadline with the latest halt in the negotiations came due to the EU's Chief Negotiator Michel Barnier's team member testing positive on the coronavirus (COVID-19).

Barnier stressed on Monday that negotiators were running out of time to make a January 1 deadline and that "fundamental divergences still remain".

"We need a text, otherwise the democratic ratification and inspection by the European Parliament would be a farce".

Thierry Breton, the French representative on the European Commission, the EU executive, said last week: "We shouldn't have in the Brexit deal revision clauses in one or two years, when everything would change again".

Meanwhile, Boris Johnson talked up the chances of a post-Brexit UK-Australia free trade deal being secured.

Mr Johnson said the two nations had strong rivalries in sport, but "there is a huge amount that unites us".

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International Trade Secretary Liz Truss said: "Today's agreement underpins £20 billion worth of trade and locks in certainty for the thousands of jobs".

Britain is also expected to secure a trade deal with Australia by Christmas, according to former Australian prime minister turned British trade envoy Tony Abbott.

The government said it paved the way for negotiations to begin next year on a new comprehensive deal with Canada.

"And the people of Australia able to get Penguins in exchange".

He repeated his call for a deal to be struck with the European Union, describing that as the "single most critical trade agreement our business communities need".

The think tank said Mr Morrison received the award "in recognition of his work in support of the global rules-based order".

Speaking during the video call - which also included the global trade secretary, Liz Truss, and her counterpart Mary Ng - Trudeau said it meant that "now we get to continue to work on a bespoke agreement, a comprehensive agreement over the coming years that will really maximise our trade opportunities and boost things for everyone".

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