\"Brexit\" transition period opens UK trade policy faces challenges 2020-02-07
Source: Economic Reference News Time: 2020-02-04 The United Kingdom has formally entered into the \"Brexit\" period and entered the transition period, which will end on December 31, 2020. Experts believe that in less than a year, Britain will have great challenges and uncertainties in reaching trade agreements with major trading partners such as the European Union and the United States. With the EU, experts predict that Britain and Europe are expected to reach a basic free trade agreement involving zero tariffs and quotas for goods by the end of the year. Amar Breckenridge, an expert on international trade policy at the British Economic Frontier Consulting Company, believes that the goal of the negotiations between the UK and the EU before the end of the year will be to reach a basic free trade agreement that will give the other party tariff-free and quota-free market access, Covers customs measures, rules of origin, etc. He believes that in addition to the basic free trade agreement, Britain and Europe also need to resolve other more complex issues through agreements and other forms. There are major differences between the two parties in the fields of fisheries, financial services, etc.
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