Post by account_disabled on Feb 18, 2024 22:07:42 GMT -5
British Prime Minister Boris Johnson. British Prime Minister Boris Johnson. Max Mumby/Indigo/Getty Images/Pool The no-deal would have resulted in costly tariffs on a range of goods sold between the UK and the EU. That, in turn, would have led to an increase in prices in the country's stores and made it difficult for companies to export their products to Europe. However, even though a free trade deal has been agreed, there will still be disruption in January due to a series of new checks on Britain's border with its largest trading partner. Britain probably not ready for new terms of trade The Johnson Government has admitted that thousands of UK businesses, particularly smaller ones, have been too busy dealing with the impact of the coronavirus pandemic to make the necessary preparations to make the move to Brexit.
Officials are preparing for more long lines of trucks heading to Dover and other ports around the country early next year. Brexit: 30,000 Spanish companies may suffer trade barriers Negotiations nearly collapsed later this summer when Johnson introduced legislation designed to unblock parts of the Brexit Withdrawal Agreement covering Northern Ireland. But they Europe Cell Phone Number List admitted that going ahead with the plan would violate international law, provoking fury in Brussels and attracting all kinds of criticism. Johnson's government agreed to withdraw the controversial clauses after UK and EU officials reached an agreement on how to implement the post-Brexit protocol for Northern Ireland. What will the trade deal mean for the UK? Details of the agreement are still emerging and the final text is expected to be more than 1,000 pages . However, here is what is known about the key elements of the deal.
Tariff-free trade will continue Trucks arrive and depart Dover ferry terminal in England on April 26, 2018. Trucks arrive and depart from the Dover ferry terminal in England on April 26, 2018. Getty A tariff-free deal will be a welcome relief for many UK and EU businesses. In a no-deal outcome, companies in Britain and Europe would be forced to pay an additional tax on a wide range of goods imported from each of them. This would make trade more expensive and businesses would raise prices on everyday items such as food and drink to offset the extra cost. But there will be many new border controls Workers. Getty However, there will be a high number of new checks on goods crossing the border due to Britain's decision to leave the EU's Single Market and Customs Union. From January 1, British companies exporting to Europe will have to submit customs declarations and other paperwork to get their goods across the border.