Brexit round-up - 27 November 2020
27th November, 2020
Welcome to this, our latest Brexit round-up. Each week we provide a succinct round-up of the latest news surrounding the Brexit process, so you can keep abreast of the issues which are likely to affect your organisation.
Progress made in Brexit talks
The president of the EU Commission, Ursula von der Leyen, has said that progress has been made this week on the most important areas, however she warned there were “some metres to the finish line” to reach agreement. Following a postivie test result for the EU team last week, face to face negotiations have been replaced this week with virtual discussions. Negotiations are expected to continue over the weekend. Mrs von der Leyen said that fishing rights, competition rules and how a deal would be enforced remained the “three main issues” in the negotiations however she noted that “After difficult weeks with very, very slow progress now we have seen in the last days better progress, more movement on important files.”
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Trade deal talks with Canada to begin in 2021
International Trade Secretary Liz Truss has secured an agreement for a continuity trade deal with Canada which means that their existing trading relationship will continue to apply. This means that UK businesses have certainty that they can continue to export goods to Canada at the end of the transition period under the current arrangements. Both sides have also agreed to begin negotiating a new trade deal as early as next year. Prime Minister Boris Johnson said “This is a fantastic agreement for Britain which secures transatlantic trade with one of our closest allies. British businesses export everything from electric cars to sparkling wine to Canada, and today’s deal will ensure that trade goes from strength to strength. Our negotiators have been working flat out to secure trade deals for the UK, and from as early next year we have agreed to start work on a new, bespoke trade deal with Canada that will go even further in meeting the needs of our economy.”
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If you have any questions about any of the issues which are raised, or would like to discuss your own organisation’s options in the lead-up to Brexit, please do not hesitate to get in touch.
Please note that this briefing is designed to be informative, not advisory and represents our understanding of English law and practice as at the date indicated. We would always recommend that you should seek specific guidance on any particular legal issue.
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