[Image]( EMAIL}/redirect MONDAY, DECEMBER 28, 2020 | JILL LAWLESS AND RAF CASERT, ASSOCIATED PRESS LONDON (AP) â First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and âbumpy momentsâ when the new rules take effect on Thursday night. Firms are scrambling to digest the details and implications of the 1,240-page deal sealed by the EU and the U.K. on Christmas Eve, just a week before the year-end deadline. Ambassadors from the 27 EU nations, meanwhile, gave their unanimous approval to the deal on Monday. âGreen light,â said German spokesman Sebastian Fischer, whose country currently holds the EU presidency.. The approval had been expected, since all EU leaders have warmly welcomed the deal, which is designed to put post-Brexit relations between the bloc and former member Britain on reliable footing. The agreement has not, however, eliminated the mistrust that festered between Britain and its neighbors during months of fractious negotiations The French presidency said in a statement that France would remain âfrom the very first day very vigilantâ about the implementation of the deal, especially to protect French companies and fisheries âin case the U.K. disregards its commitments.â The agreement needs approval from Britain's Parliament, which is scheduled to vote on it Wednesday, and from the EUâs legislature, which is not expected to take up the deal for weeks. The leaders of the European Parliamentâs political groups said they would not seek full approval until March because of the specific and far-reaching implications of the agreement. The overwhelming expectation is that EU lawmakers will approve the deal. The U.K. left the EU almost a year ago, but remained within the bloc's economic embrace during a transition period that ends at midnight Brussels time -- 11 p.m. in London -- on Dec. 31. EMAIL}/redirect EMAIL}/redirect The agreement, hammered out after more than nine months of tense negotiations, will ensure Britain and the 27-nation bloc can continue to trade in goods without tariffs or quotas. That should help protect the 660 billion pounds ($894 billion) in annual trade between the two sides, and the hundreds of thousands of jobs that rely on it. But the end to Britainâs membership in the EUâs vast single market and customs union will still bring inconvenience and new expense for both individuals and businesses â from the need for tourists to have travel insurance to the millions of new customs declarations that firms will have to fill out. âIâm sure there will be bumpy moments but we are there in order to try to do everything we can to smooth the path,â Michael Gove, the British Cabinet minister in charge of Brexit preparations, told the BBC. British Prime Minister Boris Johnson's Conservative government argues that any short-term disruption from Brexit will be worth it, because the U.K. will now be free to set its own rules and strike new trade deals around the world. EMAIL}/redirect EMAIL}/redirect Yet an ominous preview of what could happen if U.K.-EU trade faces heavy restrictions came this month when France briefly closed its border with Britain because of a highly transmissible new variant of the coronavirus sweeping through London and southern England. Thousands of trucks were stuck in traffic jams or parked at a disused airfield near the English Channel port of Dover for days and supermarkets warned that some goods, including fresh produce would soon run short. Even after France relented and agreed to let in truckers who tested negative for the virus, the backlog of 15,000 drivers who now needed tests took days to clear. Despite the deal, uncertainty hangs over huge chunks of the relationship between Britain and the EU. The agreement covers trade in goods, but leaves the U.K.âs huge financial services sector in limbo, still uncertain how easily it can do business with the bloc after Jan. 1. The British territory of Gibraltar, which sees thousands of workers cross over daily from Spain, is also in limbo since it was not included in the deal. âThis is not a final done deal in many respects,â said Jill Rutter of the U.K. in a Changing Europe think tank, noting that big decisions in many areas are yet to come. And the deal has angered one sector that the U.K. government vowed to protect: fishing. The economically minor but hugely symbolic issue of fishing rights was a sticking point in negotiations, with maritime EU nations seeking to retain access to U.K. waters, and Britain insisting it must control its seas. Under the deal, the EU will give up a quarter of the quota it catches in U.K. waters, far less than the 80% Britain initially demanded. The system will be phased in over 5 1/2 years, after which the quotas will be reassessed. âI am angry, disappointed and betrayed,â said Andrew Locker, chairman of Britainâs National Federation of Fishermenâs Organizations. âBoris Johnson promised us the rights to all the fish that swim in our exclusive economic zone and we have got a fraction of that.â ___ Casert reported from Brussels. Geir Moulson in Berlin and Sylvie Corbet in Paris contributed. EMAIL}/redirect EMAIL}/redirect © 2020 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for PTE, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are simulated figures from virtual simulated portfolios. We are engaged in the business of advertising and promoting companies for monetary compensation. All content in our releases is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. PTE.laâs sponsored advertisements do not purport to provide an analysis of any companyâs financial position, operations or prospects and this is not to be construed as are commendation by PTE.la or an offer or solicitation to buy or sell any security. Neither the owner of PTE.la nor any of its members, officers, directors, contractors or employees is licensed broker-dealers, account representatives, market makers, investment bankers, investment advisors, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with alicensed securities professional before purchasing or selling any securities of companies profiled or discussed in our releases. It is possible that a viewerâs entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed in a release or on our website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. To review our complete disclaimer and additional information, please visit . PTE.la makes no recommendation that the securities of the companies profiled or discussed in our releases or on our website should be purchased, sold or held by investors. PTE.la is owned and operated by PTE LLC. PTE LLC has not been compensated for this specific email, we do have advertisements in this email that we get paid if you click one of the ads (we have not investigated any of the advertisements). Any compensation received by PTE LLC constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. A third party of PTE LLC may have shares and may liquidate, which may negatively affect the stock price. PTE LLC affiliates may at any time have a position in the securities mentioned herein and may increase or decrease such positions without notice which will negatively affect the market. Some of the content in this release contains forward - looking information within the meaning of Section 27 A of the Securities Act of 1 9 9 3 and Section 21 E of the Securities Exchange Act of 1 9 3 4 including statements regarding expected continual growth of the profiled company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect a company's actual results of operation. A company's actual performance could greatly differ from those described in any forward - looking statements or announcements mentioned in this release. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the companyâs filings with the Securities and Exchange Commission. However, acompanyâs past performance does not guarantee future results. Generally, the information regarding a company profiled is provided from public sources which we believe to be reliable but is not guaranteed by us as being accurate. Further specific financial information, filings and disclosures as well as general investor information about the profiled company, advice to investors and other investor resources are available at the Securities and Exchange Commission (âSECâ) website www.sec.gov and the Financial Industry Regulatory Authority (âFINRAâ) website at www.finra.org. Any investment should be made only after consulting with a qualified investment advisor and reviewing the publicly available financial statement and other information about the company profiled and verifying that the investment is appropriate and suitable. PTE.la makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained in this release or on our website. PTE Team 9 Downing street
Newark NJ 07105
USA [Unsubscribe]( [Change subscriber options](