Post-Brexit U.K. Trade Remains Crucial, Canada’s Morneau Says

  • Finance chief spoke at G-20 with U.K. Chancellor Hammond
  • Canada also working hard to conclude CETA trade pact with EU

Canada is keen to maintain a strong trade relationship with the U.K. after the country voted to leave the European Union, Finance Minister Bill Morneau said.

Morneau, speaking to reporters on a conference call after a meeting of Group of 20 officials in China, said he had a “positive discussion” with U.K. Chancellor of the Exchequer Philip Hammond on the matter.

“We seek the opportunity to develop a strong trade agreement with the U.K.,” Morneau said. Chrystia Freeland, Canada’s trade minister, will be working on that in the “days, weeks, months and time in front of us.”

Canada is also concentrating on ratifying its free trade pact with the European Union, known as the Comprehensive Economic and Trade Agreement or CETA, and has been receiving positive signals on the conclusion of that deal, Morneau said.

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