Britain is pressing for a Canadian-style agreement with EU

UNITED STATES (OBSERVATORY NEWS) — Britain will confirm its desire to reach a trade agreement along the lines of Canada’s agreement with the European Union at the start of formal talks next month, ministers will meet on Tuesday to sign an official trade authorization document that will define Britain’s negotiating goals before it is published, Britain’s Prime Minister said on Saturday.

“The United Kingdom has made clear several times and will confirm its desire to reach an agreement along the lines of Canada,” the British government headquarters in Downing Street said in a statement.

The agreement between the European Union and Canada entered into force temporarily in 2017 and excludes most customs duties on goods exchanged between the two sides, but it does not. It does little to facilitate trade in financial services, which is extremely important for the British economy.

EU chief negotiator Michel Barnier said Britain could not reach such an agreement away from EU rules, and French President Emmanuel Macron said earlier on Saturday it was not clear whether an agreement could be reached as Johnson wanted by the end of the year.


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