The federal government is launching public consultations on the merits of a possible free trade deal with Indonesia, International Trade Minister Mary Ng announced Monday. The proposed trade deal, dubbed a comprehensive economic partnership agreement (CEPA), is expected to boost Canada’s nearly $4-billion trade with Southeast Asia’s fastest growing economy and the world’s fourth-most-populous country,…
This Notice of fulfilment is to indicate that the necessary requirements under each of the relevant Arrangements for cumulation of origin to apply have been fulfilled. Examples of these requirements include but are not limited to: having arrangements on administrative cooperation in place ensuring correct implementation of rules on cumulation agreed under the Arrangements; having a preferential trade agreement in accordance with Article XXIV of the General Agreement on Tariffs and Trade applicable between the countries involved in the acquisition of the originating status and the country of destination under the relevant Arrangement; and publication of this notice of fulfilment.
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Canada and the United Kingdom agreed on a transitional trade continuity agreement on
November 21, 2020. The full text of the Canada-United Kingdom Trade
Continuity Agreement (TCA) was signed by Canada and the U.K. on
December 9, 2020.
Once the TCA comes into force, the agreement will ensure that
the terms, including all the tariff provisions, of the
Canada-European Union Comprehensive Economic and Trade
Agreement (CETA) continue to apply with respect to U.K./Canada
economic and trade relations. The TCA will provide predictability
for businesses in Canada and the U.K. as the two countries work
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Canada and the United Kingdom agreed on a transitional trade continuity agreement on November 21, 2020. The full text of the Canada-United Kingdom Trade Continuity Agreement (TCA) was signed by Canada and the U.K. on December 9, 2020.
Once the TCA comes into force, the agreement will ensure that the terms, including all the tariff provisions, of the
Canada-European Union Comprehensive Economic and Trade Agreement (CETA) continue to apply with respect to U.K./Canada economic and trade relations. The TCA will provide predictability for businesses in Canada and the U.K. as the two countries work towards negotiating a new comprehensive free trade agreement.
UK-Canada Interim Trade Deal in Limbo
Canada’s opposition parties, meanwhile, are blaming the governing Liberals.
At least 87 percent of the trade in goods would remain duty-free even without the agreement being in place by Jan. 1, due to World Trade Organization commitments. However, products that could face tariffs include lobster, maple syrup, beef, certain plastics, as well as some trucks and other vehicles. A study by Global Affairs Canada suggested that 2,430 Canadian jobs would be lost without a deal.
The U.K. left the EU on Jan. 31, 2020, and will no longer be covered by the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) as of Jan. 1, 2021. Canada and the U.K. are seeking an interim agreement to avoid any interruption to market access during the transition between the CETA and a Canada-U.K. bilateral trade deal.