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Canada, Britain still working on final text of trade agreement, minister says

Click to play video: 'Canada enters new transitional trade deal with Britain' Canada enters new transitional trade deal with Britain
WATCH: Canada enters new transitional trade deal with Britain – Nov 21, 2020

Canada’s International Trade Minister Mary Ng says she can’t guarantee that MPs will see a bill to ratify the new provisional Canada-Britain trade agreement before Parliament breaks for Christmas on Dec. 11.

Ng is also telling the House of Commons trade committee today that officials in both countries are still working on the final text of the agreement.

Read more: Canada, Britain strike new trade deal ahead of Brexit deadline

Ng’s testimony comes nine days after Prime Minister Justin Trudeau and his British counterpart Boris Johnson announced with great fanfare a new interim trade deal between their two countries had been struck.

The new provisional deal is needed because Canada’s current agreement with Britain under its European Union trade pact expires on Dec. 31 when Britain’s divorce from the EU takes effect.

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U.K. Prime Minister Boris Johnson says he won’t ask for Brexit extension – Nov 25, 2020

Without a new deal in place by the year end, a series of new British tariffs on Canadian exports such as seafood, beef and automobiles would be triggered.

Ng says both countries are working on “mitigating measures” to prevent that but she offered no specifics after being repeatedly pressed by opposition MPs, saying at one point she didn’t want to make policy “on the fly.”

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