News story has been updated. View it here.
To our Agents and Suppliers,
As you may be aware, the United Kingdom of Great Britain and Northern Ireland (U.K.) left the European Union and is no longer covered by the Canada-EU Comprehensive Economic and Trade Agreement (CETA). In its place, Canada and the U.K. have agreed to a transitional Trade Continuity Agreement (TCA) that replicates much of the CETA, and is intended to provide continuity of market access between Canada and the U.K. until a permanent free trade agreement is negotiated.
While the Canada-U.K. TCA was originally scheduled to apply to bilateral trade as of January 1, 2021, it is currently in the process of being ratified by both parties. In the meantime, Canada and the U.K. have entered into a Memorandum of Understanding (MOU) to ensure continued preferential tariff treatment for goods, including alcoholic beverages, from the date CETA ceased to apply to the U.K. until the Canada-U.K. TCA is in force.
This means, current CETA declarations submitted for 2021 are still valid and there is no immediate action required by agents and suppliers until further notice.
More details on the Canada-U.K. TCA declaration process and a request for new declaration forms will be communicated later this year when the new agreement is ratified.
If you have any questions about the Canada-U.K. TCA transitional period, please contact email@example.com. For questions in regards to pricing, please contact firstname.lastname@example.org. Visit Canada-U.K. TCA for more information on the trade agreement.
LDB Wholesale Operations