If the two sides walk away then we dont need to see the govt recalling UK parliament & the european parliament also doesn't need to vote
With 10 days to go, there are three main outcomes of the #Brexit talks:
1) no deal
2) the two sides are still talking but run out of time - qu if can find other ways to buy more time
3) a deal is reached which the UK ratifies & EU provisionally applies
If the two sides walk away then we dont need to see the govt recalling UK parliament & the european parliament also doesn't need to vote
While I dont think UK will be straight back to the negotiating table - esp if PM unwilling to compromise in current circumstances - there will still be unresolved issues
They may want to buy more time for talks but as @GeorginaEWright has pointed out, it is really much more complicated than that: https://t.co/a9r2vzVjQ6
Extending the transition period is a lovely idea - in theory. But in practice, it's a total minefield and not clear it can be done in time. Why? Thread.
— Georgina Wright (@GeorginaEWright) December 21, 2020
Although @aliceolilly has pointed out recall has been complicated by covid rules: https://t.co/kPaA7vXT32
There is still - just about - enough time for the UK parliament to pass implementing legislation
Quick thread on recall, coronavirus, Brexit, and why it\u2019s all a bit more complicated than usual.
— Dr Alice Lilly (@aliceolilly) December 20, 2020
So: recall happens at the request of the government. Parliament cannot recall itself. Explainer here: https://t.co/4myCgbpUqM
More on UK process here: https://t.co/bHExrSh8xb
But, although politically difficult, the Council can still chose to provisionally apply the treaty: https://t.co/MNnTkxnry4
As we discussed two weeks ago: https://t.co/COcWhsEA7E
Brexit talks are in the 'tunnel' or final stretch, with rumours of a deal as soon as next week.
— Joe Marshall (@Joe_Marshall0) November 17, 2020
But what difference would a deal make?
\U0001f9f5
Tl,dr: Not much in terms of what needs to be done to prepare, but a big difference for business and future UK-EU relations
1/
More from Brexit
Been waiting for 👇 🚨
Important story on what a “tariff-free” deal means in practice and why it’s not enough for two economies as closely integrated.
Tariffs are removed on goods that meet rules of origin. This is a complex and nuanced area of customs.
/1
Important to remember that trade deals (FTAs) weren't designed with such a high degree of economic integration in mind.
So some of the standard RoO provisions will seem incredibly restrictive under the UK-EU deal.
/2
Minimal operations or insufficient processing is a standard part of an FTA. Most, if not all FTAs, include a provision on minimal processing – processing not considered sufficient to confer originating status even if rules of origin have been met.
/3
It is standard procedure not to apply cumulation when goods have only been subject to minimal processing.
To be able to cumulate origin and consider the final product of UK origin, the processing carried out in the UK needs to exceed minimal operations.
/4
The level of integration between the UK and the EU means that this will have significant consequences for a number of industries.
For example, in supply chains where goods are brought into the UK from the EU and reassembled, sorted or repackaged and re-exported to ROI.
/5
Important story on what a “tariff-free” deal means in practice and why it’s not enough for two economies as closely integrated.
Tariffs are removed on goods that meet rules of origin. This is a complex and nuanced area of customs.
/1
\U0001f6a8\U0001f6a8\U0001f6a8\U0001f1ea\U0001f1fa\U0001f1ec\U0001f1e7\U0001f69b\U0001f692\U0001f1ea\U0001f1fa\U0001f1ec\U0001f1e7\U0001f6a8\U0001f6a8\U0001f6a8 serious #brexit story alert - companies now starting to see penny drop on what rules of origin does to supply chains (food for example) but Brussels seems deaf to both EU & U.K. pleading. A bellwether? \U0001f62c Stay with me. 1/
— Peter Foster (@pmdfoster) January 6, 2021
https://t.co/HoDSDxhKaL
Important to remember that trade deals (FTAs) weren't designed with such a high degree of economic integration in mind.
So some of the standard RoO provisions will seem incredibly restrictive under the UK-EU deal.
/2
Minimal operations or insufficient processing is a standard part of an FTA. Most, if not all FTAs, include a provision on minimal processing – processing not considered sufficient to confer originating status even if rules of origin have been met.
/3
It is standard procedure not to apply cumulation when goods have only been subject to minimal processing.
To be able to cumulate origin and consider the final product of UK origin, the processing carried out in the UK needs to exceed minimal operations.
/4
The level of integration between the UK and the EU means that this will have significant consequences for a number of industries.
For example, in supply chains where goods are brought into the UK from the EU and reassembled, sorted or repackaged and re-exported to ROI.
/5
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