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Re: Brexit-Transitional Period Ends 31/12/20
For clarification - btw, the Canada deal took 8 years to negotiate, and still isn’t signed off by all the member states...
What is a 'Canada-style' trade deal? https://www.bbc.co.uk/news/business-45633592
Quote:
Is the UK's trade with the EU like Canada's?
Countries that are closer to each other tend to trade more, especially in goods, and this is the case with the UK and the EU.
The UK exported £291bn of goods and services to other EU countries in 2018, which was 45% of all UK exports.
It imported £357bn of goods and services from the EU, which was 53% of all UK imports.
On the other hand, Canada exported 46.2bn Canadian dollars (£26.7bn) of goods and services to the EU in 2017, which was 7.9% of its exports
It imported 63.6bn Canadian dollars of goods and services to the EU, which was 10.5% of its imports.
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It does little for the trade in services and in particular almost nothing for the trade in financial services, which is very important for the UK economy.
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