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Image source,fake images
EU chief negotiator Michel Barnier said future bilateral cooperation between the UK and the EU should be “open and fair.”
As the new corona virus strikes back and the US election result is difficult to produce, the deadline for Britain to leave the EU is drawing closer by the day; As of December 31, 2020, if no agreement is reached, it will mean a “hard release”, which is the worst. Brexit agreement.
Where is the Brexit process today? What is the situation now?
Image source,fake images
French fishermen will fish in British waters. There will be new regulations from January 1 next year, but there is currently no agreement between the UK and the EU.
Review first …
The UK left the European Union on January 31, 2020. Under the regulations, there is an 11-month transition period, and the original regulations will remain in place until the end of 2020, and ordinary people will live as usual.
Of course, due to the new corona pneumonia epidemic, life in the world this year is very unusual.
With regard to Brexit, the purpose of the 11-month transition period is to provide a respite for both sides to start negotiations on various post-Brexit deals.
The Brexit deal will influence the future relationship between Britain and its European neighbors, the most critical areas being trade and immigration.
These negotiations will establish new rules for the new British-European relationship. Of course, whether there are new rules or not, the UK and the EU will start a new bilateral relationship on January 1, 2021.
One thing is important: any agreement requires the approval of both parliaments. As Christmas is already on the horizon, there is not much time left for negotiations.
Image source,Reuters
European Commission President Von der Lein emphasized in September that the Northern Ireland Agreement is “essential.” The Northern Ireland Agreement is one of the remaining difficulties in the Brexit process.
So how is the negotiation going?
He is currently paralyzed.
The various negotiations began in March, but have progressed. Throughout the summer, the EU’s chief negotiator, Michel Barnier, has been saying that it seems unlikely that a deal will be reached, while the UK has stated forcefully that it does not fear a breakdown in negotiations.
The main stumbling block is fishing (the access rights of EU fishing vessels to fish in British waters) and government subsidies.
The European Union generally does not allow the government to provide subsidies to companies that fail. Whether Britain can subsidize its own companies after Brexit is a difficult issue in the negotiations.
Another thorny issue has to do with the border between Northern Ireland and the Republic of Ireland. After Brexit, there is the border between the United Kingdom and the European Union, and the rules and agreements that involve import and export trade, customs and the cross-border movement of people apply.
However, the British government announced a controversial bill in September, the Internal Market Act, which may void the terms of the Brexit deal previously signed with the EU, leaving the EU dissatisfied. The EU is concerned about the future border of Northern Ireland.
The two sides continued their negotiations in Brussels on November 23, and there are still several stubborn points of friction at the negotiating table.
Image source,PA media
One of the consequences of a no-deal Brexit is that a visa or other form of entry permit is required for transit, and goods are subject to border inspection and customs duties.
What will happen next?
This question is very golden, it can be said that it is worth millions of euros.
If a bilateral trade agreement is not reached by December 31st, the UK will no longer enjoy the privileges of the European Single Market and Customs Union, and its trade relations with the EU will be the same as trade relations between the Kingdom. United States and economies such as the United States and China.
Specifically, the import and export of goods and services without tariffs will have tariffs and border inspections, and traders, retailers and consumers will see price increases. Customs border inspection is likely to cause congestion and delays at border crossings.
In the case of no-deal Brexit, the trade activities of the United Kingdom and the European Union follow the rules of the World Trade Organization (WTO), which involves various tariffs and restrictions. With the economy hit hard by the new corona epidemic, the tariffs are likely to have worse effects.
For some vital economic sectors, some emergency measures and temporary regulations can be introduced to avoid the chaos and destruction caused by a no-deal Brexit.
Britain and the European Union are still hopeful about the possibility of reaching some basic agreement. The key is that policy makers on both sides must make the necessary concessions quickly and decisively.
Once the agreement is negotiated and signed, it must be turned into a legal document, translated into multiple languages, and submitted to parliaments for approval. All of this must be completed by December 31st.
If no agreement is reached in the end, the relationship between the UK and the EU will still turn a new page. Merchants’ cross-border business will find more paperwork and free flow of bilateral staff, such as vacations, study abroad, official business, family visits, etc. , It will no longer exist.
