Less than a week before the deadline, the United Kingdom and the EU reached consensus on the Brexit trade deal.
Since the paper was released on Boxing Day, lawmakers and analysts now have more than 1200 pages of legal text to read.
Here, for the average person, we take a look at what the agreement might entail, their behaviors and expenditures.
Here’s what you need to be conscious of:
Are my purchases going to be more costly?
No tariffs will be paid on goods sold between the U.K. As well as the EU, enabling companies on both sides to continue dealing in much the same way as they do now, with the goal of avoiding price inflation and keeping shelves stocked.
The European Commission has reported that the two sides have established an ambitious free trade area with “no product tariffs or quotas and regulatory and customs cooperation mechanisms.”
The Commission reported that, under World Trade Organization regulations, goods such as beef, dairy and grains could have faced tariffs of up to 50 percent, and car dealers could have faced additional costs of 10 percent, all of which were avoided by the agreement.
Is it possible to go on holiday or on a business trip?
When free movement between the EU and the UK stops, the rules for business and holiday travel will change. Over a period of 180 days, UK citizens will be able to remain in the EU without a visa for 90 days, and the same will apply to EU citizens in the UK.
The European Commission notes that the decision to end free movement “inevitably means that business travel between the EU and the UK will no longer be as easy as it currently is.”
The government has instructed individuals traveling from the UK on business to review the specifications of the country to which they are traveling.
At airports and other borders, UK passport holders will no longer be allowed to use the EU passport queue.
For my holiday, will I need a visa?
From 2022, for holidays and short visits, you will need to buy a £ 6 visa.
For short trips to EU countries (up to 90 days in a 180-day period), UK nationals do not need a visa if they are just going on holiday.
However, a ‘visa waiver’ would have to be applied for – this costs EUR 7 (£ 6.28) and is issued under the ‘European Travel Information and Authorization Scheme.’
In the EU, may I work?
You can need additional documentation from 2021 to work or study, or for more than 90 days to fly.
The specifics of this have yet to be verified and it will mostly depend on what you are going to do and where you are going to go.
But, as of January 1, 2021, those who want to work or study abroad, as well as those who are just traveling for business, will be affected.
Do I need a passport that’s blue?
No, it will still be valid for your new passport.
You must fly with your passport to EU countries until Brexit before it has expired – and that will remain the case this year, until the end of the transition period on 31 December.
The rules will change next year, however.
These modifications have been announced in advance of the trade deal and are not expected to impact it.
Under the new regulations, beginning on 1 January 2021, while travelling to most EU countries, as well as to Iceland, Liechtenstein, Norway and Switzerland, your passport must be valid for at least six months and less than 10 years on the day of travel.
Is protection going to change?
The United Kingdom will lose access to a variety of main EU police databases that contain criminal history, fingerprints, and wanted people.
The UK will still, however, have access to other networks across Europe that require fingerprint matching. This ensures that “real-time” access will no longer be dependent on security cooperation.
The United Kingdom and the EU have reached an agreement on extraditions, and the role of Britain in the cross-border security agency Europol allows it to engage in meetings, but does not have a direct say in decisions.
He was “absolutely confident” that the agreement would “protect our police cooperation, protect our ability to catch criminals and share intelligence across the European continent as we have done for many years.” Prime Minister Boris Johnson said.
What I’ve got