AUS
NZ
UK
CA
USA
IND
Summary
- Businesses felt that in case they were involved in Brexit preparations, the disruptions could have been minimised
Michael Gove, the government minister said that the UK businesses could face a bouncy period in the short-term as they come to terms with the new rules of the European Union. As the Brexit transition period expires on December 31, there would be procedural changes in place, he informed. People going to the EU might also need extra checks such as roaming charges for the mobile phones. The government is very much there to smoothen the transition path for its businesses in all possible ways, Gove told.
In a remarkable diplomatic victory, the UK and the EU delivered a free trade deal on Sunday, despite having different set of priorities. It can’t be denied that the British Prime Minister Boris Johnson has managed to end a tough year on a good note by signing an FTA with the Union.
(Image source: ©Kalkine Group 2020)
The post Brexit trade deal comes into effect from January 1 next year.
While the EU ambassadors have approved the deal, the European parliament will vote for it in January. Once that is done, the European Council will adopt the decision. Till then, the EU rules will take effect on a provisional basis.
Back at home, the UK MPs will be voting for the deal tomorrow.
Know the rules
The British government has asked the UK companies to closely understand the new rules on imports and exports, including trade rules for Northern Ireland, which are different. The new procedure to make customs declarations on trading with the EU also need to be looked at.
Gove encouraged people travelling to the EU to go with a proper travel insurance and check their mobile phone provider’s roaming charges, apart from other things.
Measures in place
As the nation prepares for its new relationship with the European Union, measures are being set out in place to ensure a quick transition.
For instance, the Wales government has introduced traffic rules on a main road leading to the Holyhead port.
Moreover, Scotland has signed a lease for using a former military airfield as an emergency lorry park for vehicles in case of any disruption at the port.
(Image source: ©Kalkine Group 2020)
The deal
With a deal in place now, both the sides would continue to trade with each other without any new taxes or duties in place.
At the same time, there would be changes on the way people travel between the UK and the EU, and the way they work.
Reactions
The Labour has accused the government of signing a ‘thin deal’. More work should have been done to protect the UK jobs, it said.
Britain’s fishing community has accused Johnson of sacrificing its interests.
Businesses felt that they should have been involved in Brexit preparations. It would have reduced the overall amount of disruption.
