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Theresa May visits Canada for post-Brexit trade talks Theresa May in Canada for post-Brexit trade talks
(about 1 hour later)
Prime Minister Theresa May has arrived in Canada to discuss plans for a post-Brexit trade deal. Prime Minister Theresa May has said she expects a "seamless transition" to a new trading relationship with Canada after the UK leaves the EU.
She said the two countries held "shared values" ahead of meeting Canadian Prime Minister Justin Trudeau. She is in Ottawa ahead of a new trade deal between the EU and Canada coming into effect on Thursday.
Mrs May is also expected to raise a trade dispute that could threaten aerospace jobs in Northern Ireland. Mrs May's trip is also focused on a trade dispute that could threaten aerospace jobs in Northern Ireland.
She has previously lobbied US President Donald Trump about the row involving Canadian firm Bombardier, which employs 4,500 people in Belfast, and Boeing. She has previously lobbied the US about the row involving Canadian firm Bombardier and Boeing.
Boeing has complained about alleged anti-competitive practices in the sale of Bombardier's CSeries jet - and Bombardier could face significant financial penalties if the US trade authorities find against it. Boeing has complained about alleged anti-competitive practices in the sale of Bombardier's CSeries jet - and Bombardier, which employs 4,500 people in Belfast, could face significant financial penalties if the US trade authorities find against it.
Mrs May's visit comes ahead of a deal between Canada and the EU, the Comprehensive Economic and Trade Agreement (Ceta), coming into force on 21 September. Mrs May hopes the upcoming trade deal between Canada and the EU, the Comprehensive Economic and Trade Agreement (Ceta), will be a model for a bilateral trade deal for when the UK is excluded from Ceta after Brexit.
The PM hopes to use Ceta as the model for a bilateral trade deal for when the UK is excluded from Ceta after Brexit. Mrs May said: "We have agreed today that Ceta should be swiftly transitioned to form a new bilateral arrangement between UK and Canada after Brexit...
Mrs May said: "We have agreed today that Ceta should be swiftly transitioned to form a new bilateral arrangement between UK and Canada after Brexit". "We want to ensure that when we leave the European Union, for businesses and people, that change is as smooth and orderly as possible.
"And working on Ceta as becoming the first of the bilateral trade relationships between the UK and Canada that means that seamless transition can take place."
Under the EU-Canada agreement, which took seven years to negotiate, Canada agreed to eliminate 98% of its import duties.Under the EU-Canada agreement, which took seven years to negotiate, Canada agreed to eliminate 98% of its import duties.
Mrs May and Mr Trudeau are expected to set up a new joint working group to prepare the groundwork for a separate deal. Mrs May said there would be a new working group to prepare the groundwork for a separate deal.
'Shared values''Shared values'
Under EU membership rules, the UK is prohibited from implementing a foreign free trade agreement until it leaves, so has instead set up working groups abroad, including with Japan, the US and Australia.Under EU membership rules, the UK is prohibited from implementing a foreign free trade agreement until it leaves, so has instead set up working groups abroad, including with Japan, the US and Australia.
Speaking ahead of her visit, Mrs May said: "When we come together and work as one to project our shared values on the world stage, we form a powerful union.
"My visit to Canada today is not only about recognising our past but also looking ahead to our bright future."
She pointed to a "long shared history" between the two countries, adding: "We celebrate together our shared monarchy, and close ties of family and friendship."
The UK-Canada bilateral trade relationship is thought to be worth £15.2bn a year, while Britain is the second-biggest destination for Canadian investment abroad, with £1.75bn invested in the country since March.The UK-Canada bilateral trade relationship is thought to be worth £15.2bn a year, while Britain is the second-biggest destination for Canadian investment abroad, with £1.75bn invested in the country since March.