The EU and the UK now form two separate markets.
Inevitably, this will create barriers to trade in goods and services and to cross-border mobility and exchanges that did not exist until last month, in both directions.
Malta Chamber in collaboration with Enterprise Europe Network, the Government of Malta and HSBC will organise a webinar entitled ‘Deciphering the Brexit deal for businesses to understand how it has been impacted during the course of the first month and a half.
The webinar will take place on Thursday, 18th February 2021 at 1100hrs.
The webinar will shed light on the substance of the Trade and Cooperation Agreement which covers several areas and goes well beyond a traditional free trade agreement. It will serve as an opportunity to analyse cross-country experiences on what the UK leaving the EU's ecosystem really meant in terms of common rules, customs operations, supervision, and enforcement mechanisms. Participants will be asking what different practices this agreement concretely meant for them and how mutual experiences can help in shorting the adjusting period.
The webinar will happen at a timely stage. Due to the exceptional circumstances, the Commission has proposed to apply the Agreement on a provisional basis, for a limited period, until 28 February 2021.
The outcome of the webinar fits nicely the purpose of the European Commission of addressing pertinent matters and understanding industry comparative advantages before the Commission swiftly proposes Council decisions on the signature and provisional application of the Agreement. The Council will then need to unanimously adopt a decision authorising the signature of the Agreement and its application before the process is formally concluded and the Trade and Cooperation Agreement between the EU and the UK can be formally signed.
