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The British Government Has Called On Domestic Companies To Prepare For The End Of The Transition Period
The British government has called on domestic companies to prepare for the end of the transition period, saying that they must take action regardless of whether or not Britain's trade agreement with the European Union is reached.
Yazar: Tom Roberts
Yayınlanma: 11 Ekim 2020 23:10
Güncellenme: 7 Kasım 2024 07:24
The British Government Has Called On Domestic Companies To Prepare For The End Of The Transition Period
The British government has called on domestic companies to prepare for the end of the transition period, saying that they must take action regardless of whether or not Britain's trade agreement with the European Union is reached. The British Department of Commerce said most of the steps companies need to take are needed regardless of the outcome of the negotiations. "As there are 81 days left until the end of the transitional period, companies must take steps during this period to ensure that they are ready for the new situation from January," British Trade Minister Alok Sharma said on Sunday. "The transition period will not be extended, so there is no time to call," Reuters was quoted as saying by Rearma. Britain officially withdrew from the European Union on 31 January after approximately 52% of Britons voted in a referendum in June 2016. Since then, London and Brussels have still not been able to agree on trade terms to take effect on 1 January 2021. EU Brexit chief negotiator Michel Barnier and his British counterpart David Frost said they were slowly approaching the agreement, but three sensitive points remained open - fisheries, competition and dispute resolution. At the same time, both parties are preparing for a possible disagreement and trade according to the rules of the World Trade Organization (WTO). The key date will be October 15, as British Prime Minister Boris Johnson has set the deadline.İLGİLİ HABERLER
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