Live, rolling coverage of business, economics and financial markets as Canada says UK was unwilling to give access to agricultural products
Full story: UK suspends trade talks with Canada
The UK and Canada put in place interim arrangements after Brexit to keep trading terms the same while they negotiated. But the collapse in talks means that the relationship is worse than it was while the UK was part of the EU.
British cheese exporters will be among the sectors which are hit worst, with steeply rising tariffs. Canada’s dairy farmers argue that they should not be made worse off by the UK’s decision to leave the EU. The Canadian Broadcasting Corporation reported:
Representatives from the Dairy Farmers of Canada have argued the UK should be negotiating with the EU to recover its share (15%, based on British population) of the market access Canada handed over to foreign competitors under [trade deal] CETA.
“How is this the Canadian government’s problem to solve?” wrote Jacques Lefebvre, DFC’s CEO, in an email to CBC News.
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Continue reading…Live, rolling coverage of business, economics and financial markets as Canada says UK was unwilling to give access to agricultural productsFull story: UK suspends trade talks with CanadaThe UK and Canada put in place interim arrangements after Brexit to keep trading terms the same while they negotiated. But the collapse in talks means that the relationship is worse than it was while the UK was part of the EU.British cheese exporters will be among the sectors which are hit worst, with steeply rising tariffs. Canada’s dairy farmers argue that they should not be made worse off by the UK’s decision to leave the EU. The Canadian Broadcasting Corporation reported:Representatives from the Dairy Farmers of Canada have argued the UK should be negotiating with the EU to recover its share (15%, based on British population) of the market access Canada handed over to foreign competitors under [trade deal] CETA.“How is this the Canadian government’s problem to solve?” wrote Jacques Lefebvre, DFC’s CEO, in an email to CBC News.EUROPE’S STOXX 600 UP 0.2%BRITAIN’S FTSE 100 UP 0.7%FRANCE’S CAC 40 UP 0.5%, SPAIN’S IBEX UP 0.2%EURO STOXX INDEX UP 0.1%; EURO ZONE BLUE CHIPS UP 0.1%GERMANY’S DAX DOWN 0.1% Continue reading…