Evaluating the market in the United Kingdom

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in United Kingdom

The United Kingdom (U.K.) is Canada's third-largest trading partner and the largest destination for Canadian direct investment in Europe. The country is extremely business-friendly, making it an attractive location for investment. The Canada-United Kingdom Trade Continuity Agreement (Canada-UK TCA), in effect since April 1, 2021, ensures continued preferential market access for businesses from both Canada and the U.K. Export Development Canada (EDC) sees strong opportunities in many sectors, including cleantech, renewables, advanced technology, mining and metals, infrastructure and transportation.
  • Aerospace 
  • Construction & Infrastructure 
  • Mining & Metals
  • Oil and Gas
  • Rail
  • Renewable Energies 
  • Telecom
  • Transportation Services

Here’s a helpful tip for doing business in the U.K.

Your UK meeting partners may appear detached during negotiations, but fear not: they tend to make decisions based on facts rather than emotions – and they prefer win-win deals.



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Date modified: 2023-08-08