Canada and the UK have always enjoyed a strong commercial relationship with the UK being Canada’s most important commercial partner in Europe and their fifth largest globally, highlighted by the two-way merchandise trade between the two nations reaching $25.51 billion in 2018.
The UK is an important source of foreign direct investment (FDI) for Canada with more than 700 UK firms having a presence in Canada. The nation is also a significant source of FDI to the UK, as Department for International Trade (DIT) 2018/19 FDI figures show, the UK received 68 new projects, 1,229 new jobs and 146 safeguarded jobs from the Canadian market.
For more information on DIT’s FDI 2018/19 figures, click here.
The UK has agreed with Canada to continue the current trade deal to pave way for negotiations to commence in 2021 for a more tailored UK-Canada trade deal.
The Thames Valley hosts a number of successful Canadian companies and continues to attract FDI from the country. The region’s 2018/19 inward investment results show that it received 6 new projects (doubled from 2017/18) and 51 new jobs.
For more information on Thames Valley FDI 2018/19 figures and its inward investment, click here.
Hear from CEO Ralph Loewen on the locational advantages the Thames Valley has for a technology-focused, foreign-owned company.
Find out about the synergies between Canada and the Thames Valley in this interview with Aaron Rosland, Counsellor at the High Commission of Canada in the UK.