Canada: Overseas Trade
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to help increase (a) trade and (b) trading opportunities between the UK and Canada.
Answered by Mr Douglas Alexander
Canada is one of the UK’s closest allies and we are taking various steps to increase UK-Canada trade. Our trading relationship was worth £28 billion in 2024, up 10% in current prices on 2023, and is underpinned by the UK-Canada Trade Continuity Agreement.
The Prime Minister spoke to Prime Minister Carney on 12th May and discussed ways to increase cooperation further to deliver for working people in both the UK and Canada. This includes our discussions with Canada on their ratification of the UK’s membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Once ratified, this will provide additional benefits for UK firms seeking to do business in Canada, building on our existing bilateral trade agreement with Canada which already supports trade between our two countries.
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