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UK Trade Minister for speedy conclusion to Canada agreement

Staff writer |
Lord Livingston begins a 3 day trade visit to Canada where he will call for a speedy conclusion to an EU-Canada trade agreement benefitting UK firms by 1.3 billion pounds a year.

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The UK's Trade and Investment Minister will also highlight the opportunities for greater UK-Canadian trade and investment through the Comprehensive Economic Trade Agreement (CETA). As the UK is Canada's top trading partner in the EU, it will help support businesses in both countries to increase exports and attract investment.

Accompanied by a delegation of UK companies from the energy and environmental sectors, the minister will promote the UK as a centre of excellence in these sectors to Canadian business leaders at the sustainability conference Globe 2014.

A joint statement of co-operation in trade and investment will be signed by Lord Livingston and Teresa Wat, British Columbian Minister for International Trade in Vancouver. The UK and Canada will share information on strategies and programmes to maximise trade and investment and grow business links through trade missions, business networking events and matchmaking companies.

Lord Livingston said: "We have a strong trade and investment relationship with Canada which I am determined to build on. The important CETA agreement has real potential to create growth and jobs in both countries and I look forward to its speedy conclusion".

UK expertise and investment opportunities are in demand around the world. Last week's budget (19 March 2014) demonstrates our commitment to increasing UK exports and inward investment, and the environmental sector is a particularly strong example of this, worth ?128 billion pounds and supporting 1 million UK jobs.

Canada remains 1 of the biggest global import markets - a significant source of demand for UK exports. UK exports of goods and services to Canada in 2012 were 4.2 billion for goods and 3.9 billion pounds for services.

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