UK walks away from trade negotiations with Canada
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 26 January 2024
⏱️ 7 minutes
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Summary
From the BBC World Service: British negotiators have walked away from talks with Canada, after it refused to continue a short-term deal that suspended tariffs on cheese; previously, the U.K. had been part of the EU’s agreement for tariff-free imports. Then: There’s been a major u-turn from Apple — it will now allow users in the EU to download apps from rival providers. A federal judge in Brazil has ordered three mining giants to pay almost $10 billion in damages over a deadly dam burst in 2015. And a business-minded Tanzanian teenager on a mission to help other kids learn about money and entrepreneurship.
Transcript
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| 0:00.0 | The UK walks away from trade negotiations with Canada. |
| 0:05.0 | Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:09.8 | I'm Felicity Hannah in for Leanne of Byrne. |
| 0:12.1 | Good morning. |
| 0:14.0 | As the UK continues to push for free trade agreements after Brexit, |
| 0:18.0 | there's one that won't be happening anytime soon. |
| 0:21.0 | British negotiators have walked away from talks with Canada |
| 0:24.4 | after it refused to continue a short-term deal that suspended tariffs on cheese. |
| 0:29.4 | That meant that charges of up to 245% on British cheese kicked in at the beginning of this month. |
| 0:36.0 | Previously, the UK had been part of the European Union's agreement for tariff-free imports. |
| 0:41.0 | I spoke to Holger Swichenburg, a dairy farmer in |
| 0:44.2 | British Columbia in Canada. He said he was pleased there wouldn't be more |
| 0:48.0 | allowances for British producers. You know in the last seven years as a |
| 0:52.0 | Canadian dairy farmer we have you know opened up |
| 0:54.8 | 18% of our domestic market to foreign competitors for the dairy products so I |
| 1:01.4 | think I'm done with that. So I'm actually quite pleased that the decision has been made that they couldn't reach an agreement as a dairy produced in this country. We have given up over the last seven years 18%, which I think is a fair chunk and I think |
| 1:14.8 | there's maybe other sectors of the economy I think that they can maybe negotiate I |
| 1:19.1 | really hope they're done and leave my dairy sector alone. |
| 1:22.1 | Holger Swichenburg there. |
| 1:24.0 | Let's do the numbers. |
| 1:25.0 | Shares in Asia were mostly lower today, |
| 1:30.0 | despite upbeat news on the US economy. |
... |
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