Business & Investment

Hardline Tory Brexiters announces support for EU trade agreements

European Research Group members of the influential European Research Group are ready to give a new boost to Prime Minister Boris Johnson and mark the EU-UK trade deal with approval within hours.

On Monday, the EU ambassador to Brussels approved a tentative trade agreement coming into force from 1 January, a move designed to prevent border turmoil at the end of the Brexit transition period.

The deal will be voted in the European Parliament in early 2021 and will be fully ratified and approved by the British House of Commons on Wednesday, but lawmakers have only five hours to discuss the bill.

While some senior European skeptics have demanded more time to scrutinize the bill, the ERG is expected to give formal approval on Tuesday subject to the final meeting.

The ERG, which counts around 80MP, was responsible for the opposition attempt by former Prime Minister Theresa May to achieve a softer Brexit.

Johnson also relied on most Labor lawmakers to support the deal after party leader Keir Starmer said last week that he would support a “tough but necessary decision” between defective and no deals. Can be. However, Sir Kiel is facing a rebellion, especially from European Labor lawmakers in the Liberal Democratic Party’s strong presence.

However, Northern Ireland’s Brexit-supporting Democratic Unionist Party said eight members of parliament would vote against the treaty. The party, which wants Northern Ireland to leave the EU on the same terms as the rest of Britain, opposes the protocol to keep the border with the Republic of Ireland open. The rest of England.

Cabinet Office Secretary Michael Gove praised the “great free trade agreement” signed with the EU last week on Monday. But he added, “Big changes come with challenges and opportunities,” and urged companies to prepare for the cataclysms when new regulations come into force in the New Year.

Mr. Gove has instructed companies to ensure that they understand the new rules for importing and exporting goods, including individual guidelines for Northern Ireland.

Under the terms of the agreement, companies are required to file a customs declaration when doing business with the EU, but carriers are required to have permission. Those who want to visit the continent should check their roaming charges on the phone and make sure they have comprehensive travel insurance and have at least 6 months left in their passport.

Business groups are pressing ministers to provide additional financial support, perhaps through new voucher schemes, to help prepare for exports under new, more cumbersome regimes. However, the government points out that HM Revenue and Customs already offers a “Revenue and Customs Agency.”Customs support fund“.

The· Coping It has been blamed by the British fishery. Barry Dies, chief executive officer of the National Federation of Fisheries Associations, which represents the UK’s fisheries, has criticized the “slight” increase in fishing rights under the agreement.

The NFFO said the fishery would consider the agreement a “defeat”, even though it described it as a public relations effort to describe it as a “great victory.”

Fisheries are only a small part of Britain’s GDP, but the industry has totem importance in Brexit’s discussions. Prime Minister Boris Johnson said last week that an agreement with Brussels would allow British people to “catch and eat very large amounts of extra fish.”

However, under the terms of the agreement, EU fishing fleets have a transition period of five and a half years with guaranteed access to British waters. After that, access depends on annual negotiations. During the transition period, the EU’s fishing rights in the UK waters (currently worth about € 650 million per year) will be reduced by a quarter and the UK quota will increase accordingly.

Mr. Dís said there was a “British surrender” after the fishery was “sacrificed for the purposes of other countries.”

Hardline Tory Brexiters announces support for EU trade agreements

https://www.ft.com/content/8e4d5aa2-5851-4bea-8d4f-b880376f8413 Hardline Tory Brexiters announces support for EU trade agreements

Back to top button