Brexit … this is what will change and what will remain the same after the new agreement

Get real time updates directly on you device, subscribe now.

The European market will be open to goods coming from the United Kingdom without customs duties under the current December 24 agreement, which stipulates the need for London to adhere to a package of obligations that leads to breach of trade sanctions.

The text of the agreement concluded between the United Kingdom and the European Union includes more than 1500 pages, and because it has not been published yet, it is difficult to analyze its details.

In an article published in the French newspaper, La Croix, Alain Gilmol said that the United Kingdom can, under this agreement, export its products without taxes or quotas to the European market, and vice versa. Exported goods will be subject to phytosanitary permits and checks, which will add some routine procedures at the border, and thus inflate the cost for companies.

The summary of the agreement published by the European Commission states that exported goods exempt from customs duties must comply with the rules of origin. As a result, Britain will not be able to re-export marine products to the European Union from non-EU countries.

Establishment of a “Partnership Council” to ensure proper implementation of the agreement between the UK and the European Union (Unsplash)

Disputes will be the subject of the arbitration

In return for free access to the European market, Britain signed a series of commitments to maintain a high level of protection in areas such as respect for the environment, combating climate change, social rights, labor law, tax transparency, and state assistance, with the aim of ensuring that the conditions for the fair competition are maintained. And in the event that one of the parties breaches its obligations, the agreement provides for the possibility of imposing commercial sanctions, according to the writer.

A “partnership council” has been established to ensure the proper implementation of the agreement, as disputes will be the subject of arbitration and the European Court of Justice will not rule on them as they are related to London.

The writer pointed out that the agreement includes a chapter on fishing rights, which recognizes the need for European fishermen to gradually abandon 25% of their catch in British waters full of fish, during the transitional period that extends to June 2026. After the end of the period specified under the agreement, there will be a negotiation once Others on access to this water.

The agreement guarantees that Britons can stay in the European Union or Europeans can stay in the UK without a visa for 90 days.

At the same time, the agreement guarantees a legal framework for the continuity of road, rail and air transport, as well as the rights of Europeans and Britons to benefit from social security, whether they live in the European region or in the United Kingdom.

Although all matters of defense and diplomacy remain outside the scope of the deal, as Britain retains its sovereignty, the agreement lays the foundations for security cooperation.

London … the financial center of Europe

The text of the agreement does not specify the conditions that enable British companies to operate in the financial sector within the European Union, especially after the loss of the financial passport that is very important for London, which indicates that this issue will be the subject of discussion in another agreement.

In general, the financial sector represents 15% of the UK’s GDP, and thus London is the leading financial center in Europe.

Prime Minister Boris Johnson promised to provide his country with a new satellite network (BBC)

About the return of roaming charges?

The agreement did not address some of the issues that are no less important than trade and which require major changes. For example, from January, European telephone operators will again have the right to charge roaming charges for calls made from Britain, at a time when it is forbidden to charge fees for calls made from another country in the European Union under European regulation.

The writer stated that Britain’s exit from the European Union caused the British and Europeans to lose a number of rights, as Europeans could no longer settle and work freely in the United Kingdom, and the opposite applies to the British in Europe.

The British were also denied participation in the “Erasmus” exchange program. The British Army can no longer receive the military signal from the European “Galileo” satellite network.

In order to demonstrate his country’s ability to regain control of its fate, Prime Minister Boris Johnson promised to provide his country with a new satellite network.

Source: Lacroix