The UK might lose more than £2 billion in exports to Canada after leaving the European Union (EU), warns a campaign group, as Prime Minister Theresa May prepares to visit the country to discuss future ties.
According to Open Britain, the organization campaigning for a soft Brexit, leaving the EU means the UK would no longer be part of a controversial EU-Canada trade deal that was expected to boost British exports to Canada by around 30 percent upon implementation next week.
The deal, known as the Comprehensive Economic and Trade Agreement (CETA, has been in the works for over seven years and would increase UK exports by £2.1 billion, according to the group.
However, Britain would be forced to leave it in March 2019, once Brexit negotiations with the EU come to an end.
Chris Leslie, a Labour MP who supports Open Britain, told The Independent that the May was “on thin ice” and would be “begging” Trudeau for a new trade deal during…