U.K. walks away from trade talks with Canada | CBC
U.K. walks away from trade talks with Canada | CBC
Sticking point is how much access U.K. producers should have to the Canadian cheese market
The UK makes up around 2.5% of Canada's trade exports, and strangely enough, more than half of that is us exporting Gold to them... about 7.5 Billion dollars worth in 2021
I think we'll be okay without a formal free trade agreement.
Trade goes both ways.
But also, it hurts the Brexit fans when they can't bully their way through trade agreements. World is weird man ;)
We import even less from the UK than we export to them.
Also, lack of a free trade agreement doesn't mean we can't trade with them at all, most of that trade will continue completely fine. It just means that on either side there can be additional tariffs on specific items if the country decides to do that.
Something tells me the opposition will jump on this to say how 'nice hair guy' is bad for Canada.
We want to replace the US as our go to trade partner, we are going to need to increase our trading with other countries
The UK is not our best option for that, our primary exports to the US are Petroleum and Cars/Car Parts, along with a ton of other raw exports. The UK doesn't want that stuff from us because they aren't a refiner/processor anymore. Even if they were, we aren't going to be shipping fossil fuels there, because we don't have a way to get it all the way across the country for a reasonable price. Similarly logging trees in BC and shipping wood products to them simply doesn't make sense logistically. We may be able to foist some food off on them from the prairies, but that's about it from a goods perspective.
We need to increase our trade with Japan, South Korea, Australia, India(unfortunately), along with the developing nations in Southeast Asia.
They threw away their negotiation position when they left the EU, and now they're complaining that they have no leverage? Hah.
Canada would broker a deal with the loss of dairy tariffs with the EU than with the UK. The EU is a vastly bigger market than the UK, and we have way more maple syrup than them.
When the great maple syrup wars begin, Canada will claim dominance.
Yes, we will hold the world hostage with our Strategic Maple Syrup Reserve until they bow to our demands.
There is still no treatment for BSE. This I think is the real issue.
Perhaps negotiating with a Labor government might be more productive.
The UK is a sinking ship anyways. I wouldn't be surprised to see it split into its constituent parts in the next decade or two.
This is the best summary I could come up with:
After Brexit, an interim agreement kept tariff-free British cheese on Canadian shelves for three years.
In the aftermath of the renegotiation of the former North American Free Trade Agreement, which saw changes to supply-managed sectors, Prime Minister Justin Trudeau promised dairy farmers that no more slices of Canada's domestic market would be served up to exporters in future negotiations.
And we reserve the right to pause negotiations with any country if progress is not being made," a U.K. government spokesperson said in a statement to CBC News.
"We remain open to restarting talks with Canada in the future to build a stronger trading relationship that benefits businesses and consumers on both sides of the Atlantic."
A spokesperson for International Trade Minister Mary Ng said Canada is "disappointed that negotiations with the U.K. are being paused."
"Their decision to continue to maintain market access barriers for our agriculture industry and unwillingness to reach a mutual agreement has only stalled negotiations," the spokesperson said.
The original article contains 315 words, the summary contains 160 words. Saved 49%. I'm a bot and I'm open source!