Brexit trade pact: EU states for provisional application



[ad_1]

The provisional application of the Brexit trade pact from January 1 is necessary because there is no time for ratification before the end of the year.

Following the agreement with Great Britain, on Monday the European Union began the preliminary application of the Brexit trade pact from January 1. The ambassadors of the 27 member states tentatively said yes to the proposal and initiated a decision by written procedure, which should end on Tuesday (3 pm). This was announced by a spokesman for the German presidency of the Council of the EU on Twitter.

Provisional application is necessary because there is no time for ratification by the European Parliament before the end of the year; must be made up after the New Year. The transition period after the UK leaves the EU in January will already expire on December 31, and Britain will also leave the internal market and the customs union. The contract aims to avoid a serious economic breakdown. On the British side, Parliament is expected to vote on December 30.

Negotiators on both sides had only agreed to the nearly 1,250-page deal by Christmas. The most important point is to ensure unlimited trade in goods without customs duties. In addition, the contract regulates, among other things, cooperation in the fields of fishing, air and road traffic, energy supply, the fight against crime and social security.

Despite the agreement, the economic ties between the two parties will be much less close in the future than they have been so far. For example, merchandise controls are necessary at borders, not least because proof of compliance with EU food safety regulations and compliance with product standards must be provided.

(WHAT / dpa)

[ad_2]