UK, Canada Sign Trade Agreement

L: A Union Flag flutters in the wind near office buildings, in London on Nov. 25, 2020. (Tolga Akmen/AFP via Getty Images) R: The Canadian flag flies over the Canadian Rockies at the Canmore Nordic Center, in Canmore, Canada, on Feb. 7, 2019. Don Emmert/AFP via Getty Images

The United Kingdom on Wednesday signed a trade agreement with Canada, days before the end of the Brexit transition period, removing the risk of an estimated £42 million ($56.15 million) tariff burden on UK exports.

The deal, agreed on Nov. 21, is signed in Ottawa by David Reed, the UK’s Deputy High Commissioner for Canada, and John Hannaford, Canadian Deputy Minister of International Trade.