Politics

Brexit trade deal: What is in the UK-EU agreement?

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Brexit talks have finally concluded after months of intense discussion between the UK and the EU, and the UK has avoided leaving the bloc without a deal. While there is a lot of jargon to go through in the Brexit text, here are some of the key points in the agreement.

Trade and tariffs

Neither side will impose tariffs on goods going between the UK and the EU, and a zero quote agreement means there is no limit on the quantity of the type of good being traded.

However, there will be more paperwork and customs checks for businesses in the UK wanting to export goods.

The UK will also be free to strike free trade agreements with other countries.

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Fisheries

Fishing was one of the most difficult issues in the Brexit deal, with the issue only being resolved during the tail-end of talks last week.

The EU will be able to claim 25 percent of the value of any fish caught in UK welters during a five and a half year transition period.

After the transition period, there will be annual negotiations on fishing opportunities between the UK and the EU.

The level playing field

Both sides have agreed on a minimum level of environmental, social and labour standards that both must adhere to.

There will be a review of this after four years to ensure it is working.

The UK has also agreed to stick to common principles on how state aid regimes work, and to an independent competition agency which will assess them.

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Security

The UK will lose access to important databases which the police use every day – covering things such as criminal records, records of wanted people, fingerprints, and so on.

The UK will be able to sit in on Europol – the EU’s cross-border security agency, but will not be privy to any decision making.

This is a similar arrangement to what other countries have with the EU.

Travel

UK nationals will need a visa if they want to stay within the EU for more than 90 days at a time.

Those with a UK driving licence will not need an International Driver’s Permit to drive in the EU.

EU pet passports will also no longer be valid – while travelling with pets will still be permitted, it will require a much more lengthy process to obtain the necessary documentation for taking a pet into the EU.

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