Canada, U.K. in 'informal talks' on trade ahead of key Brexit vote - News Summed Up

Canada, U.K. in 'informal talks' on trade ahead of key Brexit vote


"We can formally start negotiating a free trade deal on the day we leave the European Union," she said in an interview airing Saturday on CBC Radio's The House. Canada's no-deal Brexit safety netA trade deal between Canada and the U.K. would only come into effect in a year's time if Parliament votes against British Prime Minister Theresa May's Brexit plan — a vote that's scheduled for January 15 — and goes ahead with a no-deal Brexit. A no-deal Brexit would mean the U.K. cutting ties with the European Union overnight, without a transition period. The lack of clarity on the Brexit path can be frustrating for Canadians with business interests in the U.K., d'Allegeershecque acknowledged. Although Prime Minister May has said that a no-deal Brexit would be "the worst outcome," the government is preparing for that possibility, d'Allegeershecque said.


Source: CBC News January 12, 2019 09:00 UTC



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