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House of Parliament in London, UK. London = AFP Yonhap News
On the 24th (local time), the day before Christmas, the United Kingdom and the European Union finally parted ways. It has been four and a half years since the British chose to escape the EU in 2016, and 11 months after the UK officially left the EU on January 31 this year. If the Brexit deal (the UK’s withdrawal from the EU) in January was the process of getting a ‘divorce stamp’ but entering a ‘peaceful separation’, it would be completely ‘South and South’ as of the 1st of next month . From the start of the new year, changes are expected in a number of areas, including trade, movement and product safety.
Customs clearance and quarantine procedures become difficult
Shortly after the Brexit deal in January, 73 British lawmakers automatically lost their positions in the European Parliament. British ministers were also unable to attend EU meetings to decide on general issues, including the establishment of restricted fishing zones. He has already withdrawn from the political institutions and organizations of the EU. However, at that time, the two sides established a transition period of 11 months (transition period), considering that more detailed consultations were needed on issues such as trade and fisheries. Therefore, it can be said that the real Brexit will begin on January 1 of next year.
According to foreign media, the two parties will form new relationships in various fields of economy and society in the future. First of all, starting on the 1st of next month, tariff and regulatory borders will be established for trade on both sides. In post-Brexit negotiations, a free trade agreement (FTA) was signed based on the absence of tariffs and quotas (limited quantity), but compared to the days when the UK was isolated from a single EU market and a customs alliance, profits were reduced and the procedure was inevitable. none. Since customs clearance and quarantine procedures apply to the movement of goods, some confusion is inevitable. The US Wall Street Journal predicted that “UK companies doing business with the EU will have to complete additional customs declarations totaling 215 million per year.”
The fisheries problem, which marked the beginning of the “no deal” crisis, was solved by the UK by recognizing the EU catch quota in its own waters, but reducing it in stages over five years and six months. At the end of the period, the two parties will negotiate new fishing rights each year.
On the 10th, there are long lines of cargo trucks trying to enter the port of Dover in southern England. AFP Yonhap News
British citizens must be fully prepared to enter Europe
To share, I think the British will feel the restrictions on their skin more. UK BBC Broadcasting cited △ Passport expiration verification △ Travel insurance underwriting Veterinary visit conducir International driver’s license issuance as matters for citizens to prepare before the end of the transition period. Until the transition period, the British traveled freely to European countries regardless of the expiration of their passports, but in the future they will not enjoy freedom of movement. This is because the UK is classified as a “third country” as of the 1st of next month. British citizens must have a passport valid for at least 6 months to enter Europe. A visa is also required for stays in EU member states for more than 90 days. In addition, free subsidies and for treatment in the EU within the framework of the European Health Insurance Card (TSE) system will also cease. It means that if you want to travel to Europe, you have to buy travel insurance in advance.
The driving license has also been able to travel to and from the EU with a UK obtained driving license, but now you need to have a separate International Driving License (IDP). Even if you plan to travel to Europe with your dog, there are restrictions such as presenting a ‘pet health certificate’ at least three months ago. The quarantine procedure is also treated equally to non-EU people. The British Daily Independent explained that “the European fast track is no longer open to British travelers” and “upon entering the country, the purpose of the visit will be much more closely monitored.” Furthermore, professional qualifications such as lawyers, accountants and air traffic controllers acquired in the UK are no longer recognized in the EU.
UK-EU, what will change from next year? Graphic = Reporter Moon Joong Kim
Korea already has an FTA with Great Britain … it has little effect
For citizens of EU member states, the immigration threshold is expected to increase significantly. The UK plans to introduce a new skills- and talent-based immigration system in January next year, which will predict a massive outflow of talent from the EU with uncertain futures. If the UK’s image is hostile to immigrants, the nursing and construction industries, which relied heavily on unskilled staff from the EU, could find it difficult to find work.
In the field of security, the jurisdiction of the Court of Justice of the European Communities (ECJ) will be terminated and membership of the European Organization for Legal Cooperation (Eurojust) and the European Police Agency (Europol) will also be deprived ) from United Kingdom. However, since the financial services sector is not covered in detail in this negotiation, it is observed that uncertainty may increase in the core financial services sector such as stocks and derivatives of the new year.
The impact on Korea appears to be negligible. Already in August last year, the Korean government signed a bilateral FTA with the United Kingdom to prepare a security plate. Under NAFTA, exports through the EU are also recognized as ‘direct transport’ for a limited time over three years, provided they meet the requirements and provide preferential tariff benefits.
The UK will withdraw from the single market and the EU customs union starting next year after a one-year transition period. London = AFP Yonhap News
Heo gyeongju reporter [email protected]
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