U.K. walks away from trade talks with Canada.

British negotiators walked away from trade talks with Canada Thursday — a dramatic development that taps the brakes on a bilateral trade deal between the two Commonwealth nations that has been years in the making.

A major sticking point between the two sides remains how much tariff-free access U.K. producers should have to the Canadian cheese market.

After Brexit, an interim agreement kept tariff-free British cheese on Canadian shelves for three years. That more permissive regime expired at the end of last year.

Negotiators had been working on a longer-term bilateral trade deal to replace the liberalized trade the U.K. enjoyed under the terms of Canada’s Comprehensive Economic and Trade Agreement (CETA) with the European Union.

This was excerpted from the 25 January 2024