UK pulls out of post-Brexit trade talks with Canada
CNN
Britain has walked away from trade talks with Canada over disputes involving beef, cars and cheese, underscoring the difficulty of striking post-Brexit trade deals.
Britain is finding out just how hard it can be to negotiate free trade deals, even with close allies and friends. Nearly eight years after Brexit campaigners persuaded a slim majority to vote to leave the European Union, on a platform that included promises of a brighter future as a global trading nation, the UK government has walked away from talks to replace its legacy EU trade deal with Canada over disputes involving beef, cars and cheese. The talks between the United Kingdom and Canada — which share a head of state (King Charles) and are both members of NATO and the Group of Seven forum of leading advanced economies — began in March 2022, two years after Britain officially left the EU. Goods and services have continued flowing between the two countries under the terms of the EU-Canada free trade deal. But Britain had sought to negotiate a new trade deal with Canada that would improve upon the terms of the existing agreement. Parts of the current deal are also due to expire, or have already done so, with no new rules to replace them. UK carmakers, which currently pay low or no import taxes when exporting to Canada, could face much higher taxes from April. Meanwhile, rules governing the export of British cheese to Canada expired in December. Now, UK producers selling to Canada face paying tariffs of up to 245% of the value of their cheese.
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