International Trade

UK Trade Minister calls for 'speedy conclusion' to £1.3bn Canada trade agreement

1 min read

26 March 2014

Lord Livingston will call for a speedy conclusion to an EU-Canada trade agreement benefitting British firms by £1.3bn a year, as he begins a three day visit to Canada today.

As Canada’s top trading partner in the EU, the UK will also highlight opportunities for greater trade and investment through the Comprehensive Economic Trade Agreement (CETA), which will increase exports and support businesses. 

The statement of co-operation will be signed by Livingston and British Columbian minister for international trade, Teresa Wat, in Vancouver.

The UK trade minister said: “We have a strong trade and investment relationship with Canada which I am determined to build on. The important CETA agreement has real potential to create growth and jobs in both countries and I look forward to its speedy conclusion.”

UK exports of goods and services to Canada in 2012 were £4.2bn for goods and £3.9bn for services.  

The minister’s trip follows the government’s budget announcements last week aimed at increasing support to help UK businesses export and increase investment.

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