UK and Canada expand cooperation on digital trade and AI
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Canada and the United Kingdom have created a new partnership to strengthen the economic bond between the two countries by establishing a joint trade working group on the eve of the G7 summit in Alberta. The announcement came in a joint statement on Sunday as the British prime minister, Keir Starmer, paid his first official visit as head of government to Canada. Starmer held talks with Canadian counterpart Mark Carney as part of a series of bilateral discussions to deepen existing partnerships and forge new economic cooperation. The statement said the working group will recommend its suggestions to both PMs within six months. “We will establish a new structured UK-Canada Economic and Trade Working Group to deepen our existing trading relationship further,” the joint statement by the two prime ministers said. The move represents a fresh promise by the two countries to recast their trading relationship during changing global economic patterns and supply line disruptions. UK and Canada expand cooperation on digital trade and AI The new working group will tackle market access barriers and deepen cooperation in up-and-coming areas. It has identified as priorities digital trade, the building of artificial intelligence (AI) infrastructure, and strategic alliances in critical minerals. Canada and the UK consider these sectors central to their future economic resilience. By coordinating efforts, they want to ensure their economies become even more competitive, inclusive, and innovative in a fast-paced world market. The move also addresses concerns inside Canada about too much reliance on US markets as Canadian industries — including steel, aluminum, and car manufacturing — continue to face tariffs and trade barriers to the US market. The Conference Board of Canada reports that the UK accounted for just 3.6% of Canada’s exports and 1.2% of its imports in 2024, making it a relatively minor trading partner.…
Filed under: News - @ June 16, 2025 1:14 am