BCCTC May Newsletter
Brexit: new rules are here New rules apply to things like travel and doing business with Europe. Use the Brexit checker to get a personalized list of actions for you, your business and your family. Click here.
Honourable Ralph Goodale is the new High Commissioner for Canada in the UK! After nearly 50 years in both federal & provincial Canadian politics, Mr. Goodale brings a wealth of knowledge and experience to his new role. We are delighted to welcome the welcome the Hon. Ralph Goodale. Wish him a warm welcome here.
Canada-UK Trade Continuity Agreement (Canada-UK TCA) The Canada-United Kingdom Trade Continuity Agreement entered into force on April 1, 2021 - preserving preferential market access for both Canadian and UK businesses. Learn about the Canada-UK TCA:
Final text of the agreement as signed by Canada and the UK.
Chapter-by-chapter guide to the Canada-UK TCA key provisions.
Joint Interpretative Instrument: Statement by Canada and the UK interpreting the Canada-UK TCA provisions.
Economic Impact Assessment: Assessment conducted by the Office of the Chief Economist at Global Affairs Canada.
Doing business in the United Kingdom: for customs information and export resources to take your business to the next level.
Brexit: what has changed and what is the impact on Canada? By Christian Sivière, International Trade Consultant and Trainor, Solimpex. Are we going to see what was promised by Boris Johnson, i.e. frictionless trade and a new era of prosperity for the UK: the future will tell! Meanwhile, 2021 didn’t begin very well, as UK exports of goods fell by £5.3 billion (19.3%) in January, mainly because of a £5.6 billion (40.7%) fall in exports to the EU. And UK imports fell by £8.9 billion (21.6%), driven by a £6.6 billion (28.8%) fall in imports from the EU. Read more...
New expert council formed to maximize UK investment offer On April 27th Minister for Investment Gerry Grimstone announced the creation of an Investment Council to act as an advisory body to the UK Government on foreign investment, to improve and enhance the UK’s business environment for foreign investors. Made up of private sector senior leaders from around the globe in a variety of industries – from technology and energy to infrastructure and financial services – the Council will cement the investor lens in the Government’s inward investment strategy. Read more...
Historic Trade Act becomes law Today, April 29th, the UK marks a historic moment as the Trade Act, which bestows powers necessary to bring new trade deals into being, is granted Royal Assent, and formally becomes law. The Act allows the UK to put the agreements it strikes as a newly independent 21st-century trading nation on to the statute books. This means the 67 trade deals worth £891 billion it has already signed can become part of UK law – and that British householders’ and businesses’ interests can be put first in future agreements, for the first time in almost 50 years. Read more...