Canada-U.K. Trade Continuity Agreement
The U.K. is the second largest export market for B.C. goods in Europe. The value of B.C. goods exports to the U.K. in 2020 was over $470 million. The U.K. left the European Union (EU), and the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) stopped applying to the U.K. since January 1, 2021. Canada and the U.K. reached a Trade Continuity Agreement (TCA) based on the CETA to provide predictability and stability for businesses. This agreement entered into force on April 1, 2021. The Government of Canada conducted public consultations on Canada's future trade relations with the U.K. The consultations ran from March 12 to April 27, 2021, the report on identified priorities for the trade negotiations with the U.K. is available here.
For more information on how the TCA can benefit your business, visit our Trade resources page.