In our last international trade brief, we discussed the
U.S. suspending the Section 232 tariff on Canadian aluminum. In
this international trade brief, we explore what parties engaging in
Canada-UK trade should expect now that Brexit has officially come
into force, and discuss the transitional agreement between Canada
and the UK – the Trade Continuity Agreement between
Canada and the United Kingdom of Great Britain and Northern
Ireland.
As of January 1, 2021, Brexit has officially come into force. As
the United Kingdom leaves the European Union, it is no longer
covered by the Canada-European Comprehensive Economic and Trade
Agreement (CETA). The governments of the two countries have
signed a transitional agreement, which will remain in place until a
final bilateral trade agreement can be reached. This agreement,
which along with a Memorandum of Understanding (MOU) that has been
put into place until the transitional agreement can be ratified by
the two countries,
