The trade deal was approved on December 24, and is expected to be approved by the UK parliament before the reform process ends on December 31. It will enter into force in the EU, in the run-up to the European Parliament elections. and looking forward to January.
Customers avoid charges or pay for almost all products made in the UK and the EU going between the two parties. UK exports must comply with EU health and safety standards and applicable law, including strict regulations governing products with components from outside the EU or UK. Disputes will be decided by the WTO or adc congress committee consisting of three lawyers and three independent judges, if negotiations fail. But the past is a ‘test of sovereignty’ that Brexit promoters are clearly looking for. Regardless of wages and rates, there will be a lot of government action for UK workers arising from the writing of an EU union and a single market, although the trade sector has shown confidence in the terms of the agreement. “While not finished, at least provide a foundation to build on in the future,” said Laura Cohen, executive director of the British Ceramic Confederation. This agreement will be overseen by the ‘Partnership Committee’ and representatives from both parties. The committees under the Commission will oversee many aspects of the agreement. There is also an option for MPs and MEPs to create a ‘General Assembly.’
This opens the door for new arguments between the two sides for years to come, although the desire to quell these years of anger may deter that. Ursula von der Leyen, President of the European Commission, called the treaty “fair and just, fair.”