Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the expiry of tariff free quotas under the former UK-Canada Trade Continuity Agreement on (a) levels of investment in the UK and (b) economic growth.
Canada is a close ally and valued partner of the UK, and the UK-Canada Trade (TCA) Continuity Agreement underpinned £28 billion worth of bilateral trade in 2024.
Several of the TCA’s provisions, as negotiated by the previous government, were time limited and expired in 2024 .
We continue to work with the Canadian Government to resolve this, including at the WTO and through the new UK-Canada Economic and Trade Working Group.