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On December 9, 2020, the governments of Canada and the United
Kingdom ( UK ) signed the Canada-United Kingdom Trade
Continuity Agreement ( Canada-UK TCA ). The Government of
Canada introduced Bill C-18, An Act to implement the Agreement on
Trade Continuity between Canada and the United Kingdom of Great
Britain and Northern Ireland ( Bill ) in Parliament on
the same day.
Our previous bulletin, titled Saved by the Bell: The Canada-United Kingdom Trade
Continuity Agreement, explains that the Canada-UK TCA is an
interim trade deal between the two countries, first announced just
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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