Evaluating the market in the United Kingdom

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Business environment in United Kingdom

The UK was Canada’s third largest export market in the world in 2017, with Canadian exports reaching CAD 17.7B. Additionally, it is the largest destination for Canadian direct investment in Europe. The UK has a highly accommodative business environment, making it an attractive location for investment. However, the UK’s vote to leave the European Union creates uncertainty to the future of trade agreements and will impact consumption and investment decisions. However, both Canada and the UK have strongly stated their intentions to form a new trade agreement between the two parties if Britain’s exit from the European Union results in a withdrawal from the Canada-European Union Comprehensive Economic and Trade Agreement. EDC sees strong opportunities in the cleantech and renewables, mining and metals, oil and gas, infrastructure and transportation and ICT sectors. Canadian exports to the United Kingdom will continue to get a boost after the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) comes into effect.
  • 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.

Unlock key contacts in the U.K. when you download our Market Entry Advisor Guide.

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Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC