UK’s May, Trudeau say Canada CETA deal a ‘basis’ for new talks
Deal eliminates over 90% of trade barriers between Canada and the EU.
TORONTO — Prime Ministers Theresa May of Britain and Justin Trudeau of Canada say their countries are working toward a new bilateral trade deal for after the United Kingdom leaves the European Union.
Both leaders say the template for a deal would be the Comprehensive Economic Trade Agreement, which comes largely into effect this week between Canada and the European Union.
CETA eliminates over 90% of trade barriers between Canada and the EU. Trudeau said it provides “an excellent basis for ensuring a smooth transition” post-Brexit.
May said using the Canada-EU agreement as the basis for a bilateral deal will ensure the best path forward for all parties.