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<p>We are working to transition existing EU trade agreements, including CETA, into
bilateral deals as the UK leaves the EU. We continue to engage Canada to seek to achieve
this at the earliest opportunity, and both sides are committed to a strong trading
relationship moving forwards.</p><p> </p><p>If the UK leaves the EU without a deal,
the UK will implement a temporary tariff which aims to minimise costs to business
and mitigate price impacts on consumers. However, this will be temporary, applying
for up to 12 months. It is not the basis for a long-term preferential trading relationship
- transition of CETA remains the best foundation for the UK’s future trading relationship
with Canada.</p>
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