UK & EU Agree Post-Brexit Trade Deal

[joglynne]

25th December 2020.

EU nations start assessing post-Brexit trade deal with UK as ambassadors get briefed

European Union ambassadors were convening on Christmas Day to start assessing the massive free-trade deal the bloc struck with Britain on Thursday after nine months of negotiations.

“EU member states will now start reviewing the 1,246 pages of the EU-UK agreement and continue with this daunting exercise during the next few days,” tweeted EU German Presidency spokesman Sebastian Fischer as the meeting started.

snip
France's leader, Emmanuel Macron, argued that "European unity and firmness have paid off."

"The agreement with the UK is essential to protect our citizens, our fishermen, our producers. We will make sure it does. Europe is moving forward and can look to the future, united, sovereign and strong," he wrote on Twitter.

snip
The least bad version of Brexit possible'
Preserving peace in Ireland and ensuring that no physical border between the British province in the north and the EU member state in the south is erected has been one of the thorniest issues for negotiators.

Irish Taoiseach Micheal Martin said in a statement that "the agreement reached today is the least bad version of Brexit possible, given current circumstances."

"I know that not everyone is happy with the Protocol, but I believe it is a good outcome for the people of Northern Ireland," he went on, because it enables smooth trade between the island's two entities and "avoids a return of a hard border"

https://www.euronews.com/2020/12/24/...the-eu-uk-deal

[TheDaddy]

Originally Posted by Mick

Are you delirious?

The membership cost of being in a con job union, billions per year saved being out whilst maintaining a zero tariff trade agreement with our neighbours, whilst also notching up trade agreements with rest of the world, without pesky EU bureaucracy. Being in their union is not better at all.

Heard an interesting fact about membership fees earlier, that leaving has cost more than all our years membership fees combined, sobering statistic for me

[pip08456]

Originally Posted by TheDaddy

Heard an interesting fact about membership fees earlier, that leaving has cost more than all our years membership fees combined, sobering statistic for me

Heard an interesting fact about membership fees earlier, we're going to be rebated the full amount from joining. Sobering news.

[Pierre]

Originally Posted by Hugh

As we all know, a small minority can make a lot of noise out of all proportion to their relevance.

Merry Christmas, one and all.

They’re called Labour supporters.

[TheDaddy]

Originally Posted by pip08456

Heard an interesting fact about membership fees earlier, we're going to be rebated the full amount from joining. Sobering news.

Well it might be if it made sense

[pip08456]

Originally Posted by TheDaddy

Well it might be if it made sense

Makes as much sense as your post.

Guys, it's Christmas - give it a break.

[pip08456]

Originally Posted by Hugh

Guys, it's Christmas - give it a break.

I'll give it a rest when TheDaddy shows it has cost more than £72,171,733,000,000.

I'll even post a reputable source for my figure.

Link

[Sephiroth]

Originally Posted by pip08456

I'll give it a rest when TheDaddy shows it has cost more than £72,171,733,000,000.

I'll even post a reputable source for my figure.

Link

An abridged version is attached. Look at the 2019 prices table (page 4) and count it up. Manually counting I make it around £212 billion since 1973.

https://commonslibrary.parliament.uk...ings/cbp-7886/

[TheDaddy]

Originally Posted by pip08456

Makes as much sense as your post.

Originally Posted by pip08456

I'll give it a rest when TheDaddy shows it has cost more than £72,171,733,000,000.

I'll even post a reputable source for my figure.

Link

Sleep it off is the best advice I can give you

Originally Posted by Sephiroth

An abridged version is attached. Look at the 2019 prices table (page 4) and count it up. Manually counting I make it around £212 billion since 1973.

https://commonslibrary.parliament.uk...ings/cbp-7886/

Yes that's the figure on full fact and business insider

Originally Posted by pip08456

I'll give it a rest when TheDaddy shows

You can have a days rest.
When the team ask you to stop, its not optional.

[OLD BOY]

It appears that we have actually achieved a Canada + deal, despite all the commentary to the contrary.

The central objectives of securing a tariff-free, quota-free trade deal, regaining control over our fishing grounds within a reasonable time period (5.5 years was negotiated), ridding ourselves of ECJ jurisdiction, no automatic application of tariffs unilaterally by Brussels if they have an issue about the level playing field, etc have all been achieved.

According to the press, the deal also covers financial services (wow!), which was unexpected, although precisely what is covered, it is not yet clear.

At last, it is confirmed by the Centre for Economics and Business Research that Britain will widen the gap between itself and the French economy from the current 9% in Britain's favour to 23% by 2035, confounding those prophets of doom who claimed that even with a deal, we would become worse off than had we remained in the EU.

I have always said that leaving the EU would open up opportunities for Britain, and at last, at least some are waking up to the reality of the situation.

---------- Post added at 12:19 ---------- Previous post was at 12:10 ----------

Originally Posted by Damien

Looks like there will be a new arbitration body?

As I understand it, that is totally unnecessary. The WTO already performs that function. It will be interesting to read further details.

Originally Posted by OLD BOY

It appears that we have actually achieved a Canada + deal, despite all the commentary to the contrary.

The central objectives of securing a tariff-free, quota-free trade deal, regaining control over our fishing grounds within a reasonable time period (5.5 years was negotiated), ridding ourselves of ECJ jurisdiction, no automatic application of tariffs unilaterally by Brussels if they have an issue about the level playing field, etc have all been achieved.

According to the press, the deal also covers financial services (wow!), which was unexpected, although precisely what is covered, it is not yet clear.

At last, it is confirmed by the Centre for Economics and Business Research that Britain will widen the gap between itself and the French economy from the current 9% in Britain's favour to 23% by 2035, confounding those prophets of doom who claimed that even with a deal, we would become worse off than had we remained in the EU.

I have always said that leaving the EU would open up opportunities for Britain, and at last, at least some are waking up to the reality of the situation.

---------- Post added at 12:19 ---------- Previous post was at 12:10 ----------



As I understand it, that is totally unnecessary. The WTO already performs that function. It will be interesting to read further details.

https://fortune.com/2020/12/25/boris...uropean-union/

Financial services

Summary: The deal offers little clarity for financial firms. There is no decision on so-called equivalence, which would allow firms to sell their services into the single market from the City of London. The agreement only features standard provisions on financial services, meaning it doesn’t include commitments on market access.

The U.K. and EU will discuss how to move forward on specific equivalence decisions. The European Commission, which is in charge of allowing access to the EU’s market, said it needs more information from the U.K. and it doesn’t plan to adopt any more equivalence decisions at this point.

Regulatory cooperation: The two sides made a joint declaration to support enhanced cooperation on financial oversight. They aim to agree on a Memorandum of Understanding by March.

[OLD BOY]

Originally Posted by Hugh

https://fortune.com/2020/12/25/boris...uropean-union/

Thank you for the additional information, Hugh. I am still catching up at the moment!

[Sephiroth]

https://assets.publishing.service.go...24.12.2020.pdf

The full text.