Atlantic Agreement

The Atlantic Agreement: A Comprehensive Trade Deal Between the UK and Canada

The Atlantic Agreement is a comprehensive free trade deal between Canada and the United Kingdom that has been in the works since the UK voted to leave the European Union in 2016. The agreement is aimed at ensuring that trading between the two countries remains smooth and seamless, while also promoting economic growth and increased investment.

The deal was signed in November 2020, and has been hailed as a significant milestone in the relationship between Canada and the UK. It covers a range of areas, including the elimination of tariffs on a wide range of goods, increased market access for businesses, and new provisions on intellectual property rights and digital trade.

One of the key features of the Atlantic Agreement is the elimination of tariffs on the vast majority of goods traded between Canada and the UK. This means that businesses in both countries can now trade with each other without being subject to additional taxes or fees. This is a significant benefit for businesses of all sizes, as it will help to reduce costs and promote greater competition.

Another important aspect of the deal is the increased market access it provides for businesses. This includes access to government procurement opportunities, as well as improved regulatory cooperation for a range of industries, including agriculture, fisheries, and financial services. These provisions will help to promote greater investment and business growth, as well as foster closer ties between the two countries.

The Atlantic Agreement also contains new provisions on intellectual property rights and digital trade. This includes measures to protect copyrights and trademarks, as well as new rules around online content and data protection. These measures will help to ensure that businesses can operate with confidence in the digital age, while also protecting the rights of consumers.

In conclusion, the Atlantic Agreement is a significant milestone in the relationship between Canada and the UK. It is a comprehensive trade deal that will help to promote economic growth, increased investment, and closer ties between the two countries. With its provisions on tariff elimination, increased market access, and intellectual property rights, the deal is set to benefit businesses of all sizes and sectors. As the two countries look towards a post-Brexit future, the Atlantic Agreement is a clear indication that they are committed to working together and strengthening their relationship.