Trade Agreements: Canada
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the expiry of tariff free quotas under the former UK-Canada Trade Continuity Agreement on (a) levels of investment in the UK and (b) economic growth.
Answered by Chris Bryant
Canada is a close ally and valued partner of the UK, and the UK-Canada Trade (TCA) Continuity Agreement underpinned £28 billion worth of bilateral trade in 2024.
Several of the TCA’s provisions, as negotiated by the previous government, were time limited and expired in 2024 .
We continue to work with the Canadian Government to resolve this, including at the WTO and through the new UK-Canada Economic and Trade Working Group.
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