On December 24th 2020, Britain and the European Union (EU) finally struck a hard-fought trade agreement, officially ending the 47-year ties between London and Brussels.

The UK & The EU

Since the EU ‘was’ the largest trading partner of UK, it meant that a new relationship between the two had to be re-shaped.

If no deal had been agreed, a huge amount of goods would suddenly have become more expensive.

However, something has indeed changed.

Since the UK will no longer follow EU’ rules on product standards, it means that some UK products, such as animal food, can no longer enter the EU unless it is frozen to -18C.

Foreign & Commonwealth Office, London C: OGL-UK Government

Some business will directly lose their automatic right of access to EU markets, such as banking, architecture and accounting.

Also, professional qualifications for doctors, chefs and architects will no longer be automatically recognized.

Regaining control over UK waters was a key part of the Leave Campaign in 2016 – and according the latest deal, UK would have the right to completely exclude EU boats after 2026, but the EU will also have the right to respond with taxes on exports of British fish or deny UK boats access to EU waters.

Trans Pacific Partnership member nations – USA is a founding member but has since removed itself – C: https://commons.wikimedia.org/wiki/User:L.tak
The UK And The World

The British government said in December 2019, that it had managed to cover 80% of its external trade with free trade agreements by 2022.

In October 2020, the UK then officially signed an economic partnership with Japan, which includes a strong commitment from Japan to support the UK in joining the Trans-Pacific Partnership (TPP), strengthening trade ties between the UK and other Pacific Rim countries.

The Prime Minister Boris Johnson Portrait – UK Gov. OG v.3

Before Brexit, the UK was “automatically” part of any trade deal that the EU reached with other countries; however, when Brexit came into force on January 1st, the UK needed to re-sign trade deals with individual countries – and to date 60+ out of more than 70 countries have already signed off on their deals with the UK.

The Future – Post-Brexit?

There will be some new customs checks after Brexit, but the British government might hope to negotiate with the EU to exempt this regulation related to some industries, such as automobile manufacturing, since Nissan had said that any delay in overseas shipping of parts could slow production and insisted there must be agreement on a free-trade deal to remain in the UK.

Even though the the core ideal of the Brexit movement was taking back sovereignty allowing London to determine all rules on safety, the environment, health, workers’ rights and subsidies to British companies independently, it is highly possible that the Brussels effect(*)  will still bring UK laws into line with EU laws since the EU internal market is the biggest in the world.

Note

  1. Brussels effect: the process of unilateral regulatory globalization caused by the European Union de facto (but not necessarily de jure) externalizing its laws outside its borders through market mechanisms.
264 comments
  1. Pingback: MKsOrb
  2. Pingback: Temp EMail
  3. Pingback: Leandro Farland
  4. Pingback: Arie Baisch
  5. Pingback: MILFCity
  6. Pingback: Make my essay
  7. Pingback: valentine gift
  8. Pingback: organic foot cream
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: Click Here
  24. Pingback: Click Here
  25. Pingback: Click Here
  26. Pingback: moveit studio
  27. Pingback: Space ROS
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: Click Here
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Click Here
  58. Pingback: Click Here
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: domains
  67. Pingback: cardano nft
  68. Pingback: athletic leggings
  69. Pingback: Google reviews
  70. Pingback: 2023 Books
  71. Pingback: funeral directory
  72. Pingback: birth records
  73. Pingback: IRA Empire
  74. Pingback: Social Activities
  75. Pingback: attendance
  76. Pingback: Arab Region 2022
  77. Pingback: fue
  78. Pingback: HR management
  79. Pingback: Political Theory
  80. Pingback: fue
  81. Pingback: Student Success
  82. Pingback: MBA
  83. Pingback: led camera
  84. Pingback: Fiverr Earn
  85. Pingback: Fiverr Earn
  86. Pingback: Fiverr Earn
  87. Pingback: fiverrearn.com
  88. Pingback: fiverrearn.com
  89. Pingback: fiverrearn.com
  90. Pingback: fiverrearn.com
  91. Pingback: fiverrearn.com
  92. Pingback: prostadine
  93. Pingback: shipping broker
  94. Pingback: fiverrearn.com
  95. Pingback: clima para hoy
  96. Pingback: fiverrearn.com
  97. Pingback: frenchtons
  98. Pingback: jute rugs
  99. Pingback: blockchain
  100. Pingback: future university
  101. Pingback: drip bucket hat
  102. Pingback: daftar multisbo
  103. Pingback: bulldogs puppy
  104. Pingback: Fiverr
  105. Pingback: grey frenchie
  106. Pingback: six sigma
  107. Pingback: Warranty
  108. Pingback: Piano maintenance
  109. Pingback: Piano restorations
  110. Pingback: FUE
  111. Pingback: FUE
  112. Pingback: FUE
  113. Pingback: FUE
  114. Pingback: Moving estimate
  115. Pingback: FiverrEarn
  116. Pingback: FiverrEarn
  117. Pingback: FiverrEarn
  118. Pingback: FiverrEarn
  119. Pingback: Speaker
  120. Pingback: pupuk terbaik
  121. Pingback: partners
  122. Pingback: frenchie stud
  123. Pingback: live sex cams
  124. Pingback: FiverrEarn
  125. Pingback: cheap sex cams
  126. Pingback: live sex cams
  127. Pingback: frt trigger
  128. Pingback: 늑대닷컴
  129. Pingback: nangs near me
  130. Pingback: Face Moisturizer
  131. Pingback: nangs sydney

Comments are closed.

You May Also Like

Despite Trade War, Taiwan Raises Economic Forecast For 2020

The ongoing US-China trade war seems to be impacting everyone, except perhaps…
Manny Ramirez in his stint in Taiwan: CC

TTT Interview: Manny Ramirez “baseball royalty”

Manny Ramirez is a baseball superstar.  In an MLB career that lasted…

Taiwan-China ties compared to ‘bastard and daddy relationship’ by Han Kuo-Yu

We know that the things are heating up in Taiwan’s political scene…

Chinese Troops Struggle With Low Quality Winter Clothing On Indian Border

The People’s Liberation Army (PLA)’s adventurism has started costing it heavily. Actions…