What Does Trading Indicate for the UK-EU Regime after Brexit?

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Finally, Britain can breathe a sigh of relief, or at least a vast majority of people in the U.K. After 1,316 days of intense political schism, the UK has finally distanced themselves from the EU making them the first nation to do so. The national movement during the aftermath crushed the careers of two Prime Ministers leaving the future of the Great Britain in turmoil.

As the movement has finally ended, giving Britain the great freedom, they seemed eager, their future has never been in the dark, as it was after World War 2. Speaking to the nation before an hour as Brexit was about to be implemented, Prime Minister Johnson acknowledged, “For many people, this is an astonishing moment of hope, a moment they thought would never come. And there are many of course who feel a sense of anxiety and loss. I understand all those feelings, and our job as the government my job is to bring this country together now and take us forward.”

In a short address to the nation, Johnson equates that he would consider a “Loose trade deal” with the EU like the bloc’s ties with Australia. “There are only two likely outcomes in negotiation – a free trade deal like Canada or a looser arrangement like Australia – and we are happy to pursue both,” Johnson was caught quoting.

While the Prime Minister is to make a speech regarding speech trade on Monday, Johnson seems a bit too eager to distance his country from the EU. Previously Johnson quoted that his main goal was to reach a Canada-style trading deal with the EU before their transition period of 11-month ends at the end of 2020. After 2020 Britain will have to face heavy tariffs to sell goods to the EU.

While Canada is not bound by any EU implications, some officials in the EU government are rather reluctant to give Britain the same leeway that Canada enjoys – Go figure!

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