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The United Kingdom has agreed to an interim trade deal with Canada, giving itself another buffer for post-Brexit economic dealings in 2021 — as it continues to pursue deals with the United States and European Union.
Described by the British government as a “stopgap,” the deal announced Saturday rolls over existing trade agreements between the U.K. and Canada, and opens the door to negotiations in 2021 on a specific UK-Canada trade pact.
The article goes on to state the following:
The government said it gives certainty for British businesses and locks in about $27 billion in trade between the countries. The deal includes zero tariffs on car exports, and tariff-free trade on goods including beef, fish and seafood. It will cover about 1.5 percent of the U.K.’s total trade in goods and services.
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