If you’re a Canadian exporter or investor currently doing business in the United Kingdom, you’re likely anxious about how Brexit will unfold. As the Mar. 29 exit deadline looms and talk of further extensions continue, there’s no doubt the eventual outcome will have an enormous impact on the U.K., its citizens and those conducting business with the island nation. For Canadian exporters, what exactly these impacts will be remains murky.
As Canada’s second-largest services trading partner, there’s much at stake. Overall, Canada’s exports to the U.K. totalled $17.7 billion in 2017, spanning many sectors, including mining and metals, aerospace and renewable energies. In order to break down the possible implications, Export Development Canada (EDC) is hosting a webinar on Apr. 2. EDC’s panel of experts will offer their insights and perspectives to help you understand how Brexit will affect business interests and supply chains and offer strategies for mitigating Brexit’s impact on your business.
In the meantime, we’ll look at where things stand currently in the Brexit process and shed light on what happens next...
This was excerpted from a 20 March 2019 blog by Richard Schuster of EDC.