For those who don't want to ready the full document, both the UK and EU have produced handy summaries which are a lot shorter;
UK -
https://assets.publishing.service.go...Union___1_.pdf
EU -
http://europa.eu/rapid/press-release...18-6422_en.htm
Some interesting points in there that would seem to ensure that this agreement would never fly including;
- Continuation of freedom of movement
- Almost full acceptance of the EU Acquis including new regulations but no say in the formation of these
- The fact that the entire agreement is written under EU law so the ultimate arbitration body is the CJEU
Or in other words, section 114 of the UK document;
Quote:
This period of continuity will last from the moment of exit until 31
December 2020. The Withdrawal Agreement provides that during this period the UK
will no longer be a member of the EU, but will be treated as such under Union law
unless otherwise specified. This means that during this time EU law and EU
supervision and enforcement arrangements will continue to apply to the UK.
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Yikes!
There are some interesting points in there that jumped out at me. There will be a continuation of SM and CU rules for the transition period but goods bought before the end of the transition but not delivered will still be covered. This has a big impact for capital projects where the goods aren't 'bought' until delivered and accepted. I am not an accountant/financial controller but I can see some good scams going on there!