U.K. wants to join Pacific trade pact as trade deal with Canada approaches its end - News Summed Up

U.K. wants to join Pacific trade pact as trade deal with Canada approaches its end


International Trade Minister Mary Ng spoke with British trade secretary Liz Truss about the U.K.'s CPTPP ambitions for the first time last Friday. CETA terms with U.K. expire at end of yearCPTPP membership would not replace bilateral trade talks with individual countries. Canada unwilling to give up more dairy accessIn the CPTPP, Canada conceded a share of its domestic dairy market for not only cheese but for a full range of dairy products. Since the American withdrawal, some of this CPTPP dairy quota has been left unused by other member countries, only a couple of which (New Zealand, Australia) are significant dairy exporters. After bruising concessions in successive CETA, CPTPP and NAFTA talks, Canada says it's not willing to concede any additional access to its dairy market in future bilateral trade negotiations.


Source: CBC News June 16, 2020 19:53 UTC



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