The UK’s long national nightmare will continue.
on the election result—a sign that investors are finally glad to just know what’s going to happen. But there’s still a lot more Brexit to come.
Not much is going to actually change on Jan. 31. The U.K. will enter an 11-month “transition period” during which it will continue to abide by EU rules, though it will no longer have a say in setting them. During this period, it will negotiate a new post-Brexit trade deal with the EU. If there’s no deal by the end of that period, Britain will trade with the EU like any other member of the World Trade Organization: Yes, that’s right—there could still be a “no-deal Brexit.
That prospect seems unlikely at this point, but the process probably won’t be as smooth as Johnson and his allies have promised. The prime ministerwhat has been awkwardly called “super Canada plus” agreement. This would be modeled on the 2016 Comprehensive Economic and Trade Agreement, or CETA, which eliminates 98 percent of tariffs on goods traded between the EU and Canada.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
British Vote Is Likely to Bring Brexit, but Not End Brexit DivisionsOnce Britain leaves the EU, negotiations will start over a complex and divisive question: What should be the U.K.’s future relationship with the huge trading bloc on its doorstep?
Consulte Mais informação »
Sweden PM: Brexit will happen now, little time for trade dealSwedish Prime Minister Stefan Lofven said on Friday that Britain's election...
Consulte Mais informação »
British PM Johnson heads for big Brexit election winBritish Prime Minister Boris Johnson is on course to win Thursday's electio...
Consulte Mais informação »
BrexitBritain went to the polls on Dec. 12 and Brexit was among the core issues. The Associated Press is providing comprehensive coverage of the results and reaction.
Consulte Mais informação »
Markets Rally as Trade and Brexit Uncertainties RecedeA clearer picture on trade relations and Brexit buoyed global markets, shoring up investors’ appetite for risk late in what has already been a banner year for world stocks.
Consulte Mais informação »
UK heads towards Brexit as Johnson on course for decisive winPrime Minister Boris Johnson's Conservative Party looks set for a resoundin...
Consulte Mais informação »