UK, EU on cusp of striking Brexit trade deal at last

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. BRUSSELS: Negotiators from the European Union and Britain worked through the night and into Christmas Eve to put the finishing touches on a trade deal that should avert a chaotic economic break between the two sides next week.Trade will change regardless come Jan 1, when the UK leaves the bloc's single market and customs union. But both sides have been working furiously to avoid a nightmare scenario, in which the imposition of tariffs and duties would cost billions in trade and hundreds of thousands of jobs and potentially so snarl ports that many goods would struggle to get through. That possibility was starkly illustrated this week when a brief French blockade of British trucks over coronavirus concerns created chaos at ports that is still being sorted out.After resolving nearly all of the remaining sticking points, negotiators combed through hundreds of pages of legal text Thursday that should become the blueprint for a post-Brexit relationship.As during much of the nine-month negotiations, the issue of EU fishing fleets in British waters proved the most intractable and divisive, with negotiators still haggling over quotas for some individual species as dawn came and went.Still, sources on both sides said the long and difficult negotiations To keep reading about UK, EU on cusp of striking Brexit trade deal at last, Click on the link. Seoul, Korea
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