The trade divorce of the century is just an ocean away. Yet, as Britain prepares to leave the European Union on March 29, 2019, many Canadian businesses are watching closely to see whether it will be Deal or No Deal.
A “deal” would still see Britain leave the EU as planned, but remain largely under the EU’s umbrella until the end of 2020 in order to negotiate new trading arrangements with its former partners. But this would require a signed withdrawal agreement, and a draft agreement issued in February caused an uproar in Britain over the proposed trade treatment of Northern Ireland, raising questions of whether Britain will be able to meet the deadline.
Lexpert contributor Sandra Rubin reports at www.lexpert.ca/globe. Follow @Lexpert on Twitter. Lexpert is published by Thomson Reuters.