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ARTICLE · 26 JANUARY 2021

2021: New Year, New Trade Agreements And New Procurement Thresholds

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Following its decision to exit from the European Union, the UK needed to negotiate new trading relationships with its trading partners.

CanadaGovernment, Public Sector
Marcia Mills
Marcia Mills
Faye Voight
Faye Voight
Shannon Kristjanson
Shannon Kristjanson
Novera Khan
Novera Khan
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The Canada - UK Trade Continuity Agreement (TCA) - CETA Redux

What it is?

Following its decision to exit from the European Union, the UK1 needed to negotiate new trading relationships with its trading partners. For Canada, this meant replacing the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). The Canada-United Kingdom Trade Continuity Agreement (the TCA) is the interim trade agreement that will remain in place until a final trade agreement is negotiated.

Although the TCA is identified as a "new" trade agreement, for government procurement, the TCA reflects CETA and is intended to ensure that the rights and obligations of CETA will continue.

The TCA provides guaranteed access for Canadian suppliers to the UK government procurement market, estimated to be worth approximately CDN $118 billion - including access to the regional and local government; bodies governed by public law (such as hospitals and universities); and a number of

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