Boris Johnson’s post-Brexit trade deal will leave businesses facing more barriers to trade than they did while UK was a member of the EU. Here are the main points of the deal.
The accord will allow for tariff and quota-free trade in goods after 31 December, but won’t apply to the services industry or the financial services sector in the UK.
The agreement, which will complete Britain’s separation from the EU, will have a deal for tariff and quota-free trade in goods and cooperation in areas like security and aviation.
The discussions are focused on two key disagreements over fish: what access EU boats will have in British waters, and what rights the EU will have to impose retaliatory tariffs
From delayed deliveries to rotting stockpiles, businesses in UK are facing a nightmare scenario, thanks to the combination of challenges arising from a new Covid strain and Brexit.
The latest suggestion from Britain would see the EU reduce the value of the fish it catches in UK waters by about a third. Last week the UK was insisting the EU accept a 60% cut.
Failure to reach a trade deal would leave the UK doing business with its largest and nearest commercial partner on terms set by the World Trade Organization.
Boris Johnson spoke with European Commission President Thursday, after which he said the talks were in a 'serious situation' & would fail unless the EU softened its stance on fishing.
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