Suchergebnisse

This article investigates how Canada's trade with the EU-27 and the UK might be affected by Brexit. As the transition period foreseen in the 2019 UK Withdrawal Agreement has ended, the EU and the UK are no longer one customs area. The EU–Canada Comprehensive Economic and Trade Agreement (CETA), like other EU agreements, has ceased to apply to the UK. Henceforth, the policies and legislation of the UK and the EU-27 will invariably diverge. Taking into account both the EU–UK Trade and Cooperation Agreement as well as the Canada UK Trade Continuity Agreement concluded in late-2020, the article shows that the agreements reached, while providing immediate stopgaps for some of the fallout of Brexit, also represent potential for a new departure.

CETA, the Comprehensive Economic and Trade Agreement between the EU and Canada, is a useful model for post-Brexit trade relations between the UK and the EU. In this article it is argued that what could tentatively be called a CC-CETA (Comprehensive Cross-Channel Economic and Trade Agreement), would bring distinct benefits to the UK (and the EU) in partial replacement of the Single Market relationship. After considering other options, recommendations for the conclusion of such a CC-CETA are made. The question of how CETA itself could be affected by the conclusion of such an agreement, and the pre-emptive effect of a CC-CETA on the relations between Canada and the UK are equally considered.