The United Kingdom secured a post-Brexit trade agreement with Canada on Saturday, and have committed to negotiating deeper trade ties after Britain finally frees itself from the control of the European Union at the end of the year.
The agreement will come into place on January 1st following the end of the Brexit transition period. The government expects the deal to lock in at least £20 billion in trade between the two nations, as well as an estimated £42 million in tariff savings on British exports.
The deal will secure zero tariffs of cars from the United Kingdom to Canada, which totalled some £757 million in sales last year, as well as tariff-free exports on 98 per cent of British goods including fish, beef, seafood, and soft drinks.
The agreement will also save the British public from paying up to 8 per cent in increased prices on Canadian goods such