The 28-nation European Union is the world’s largest regional organization. It also accounts for a significant percentage of the world’s economy and trade and can be considered an organization that can have a major impact on world order or world orientation. Great Britain has recently pulled out of the European Union, which is made up of a number of the world’s leading economic powers and military powers, and the process is briefly known as Brexit.
Great Britain that one of the world’s leading economies has stated that it does not like EU ties. Although both former Prime Minister David Cameron and former Prime Minister Theresa May have suffered setbacks on this issue, but current Prime Minister Boris Johnson, who spearheaded the Brexit campaign in his election campaign, has now succeeded in that process. Even his election victory reflected the will of the majority of the people to continue this process.
The year 2020 marked a significant turning point in the Brexit process, which has been swayed by years of political instability. Britain officially withdrew from the EU on 31.01.2020, setting a deadline of 31.12.2020 for the completion of this process and the finalization of trade agreements and other bilateral relations between the two sides. Although the two sides agreed on a date, the two sides were unable to reach a final agreement until the last month of the year, which was very close to the deadline.
The process of ending the process without a consensus between the two sides is known as the “No-deal Brexit”, and it is the actions of both the EU envoys and the British Prime Minister Boris Johnson who have already issued statements that make the world feel ready for such an outcome.
Why do we need bilateral agreements?The main purpose of reaching an agreement on the Brexit process is to determine how Great Britain will continue to trade with the European Union as another independent state in the future after its withdrawal, including border deals, tax breaks, imports, and exports. This creates some liability, even if they are separated, and both parties appear to be attempting to separate in a way that is more advantageous to each other. Many rounds of talks between European Commission President Ursula Von-de-Lane and Prime Minister Boris Johnson have ended without agreement. Prime Minister Boris Johnson has said he is not prepared to accept conditions that would be difficult for Britain to accept.
Mainly trade deals and maritime border fisheries issues have not been agreed upon. He said that if the EU passed new rules on market competition laws, Britain would be subject to automatic penalties for non-compliance in the future, and would not be subject to EU obligations as a non-EU member state. He also said that he did not agree with the agreement to allow fishermen from EU countries to fish within the territorial waters of Great Britain, pointing out that it could not become a country without sovereignty within its territorial waters.
What will happen to Britain?However, with the withdrawal from the EU, Britain will have to face several changes. by the time,
- Rising prices for goods sold in the United Kingdom and the European Union, based on new tax collections
- Different industry pressures due to changes in tariffs etc.
- Import and Export Restrictions
- Delays in bringing food standards to market due to changes
- Border patrols
- Disruption of freight
- New rules on supply chain gas and crude oil that fell into Britain across EU countries
- Having to look for replacements through freight forwarding
- Having to deal with changes in financial services and other services
- Differences in proceedings related to the European Court of Justice
- Loss of priority in employment and business opportunities for Britons in EU countries
It is also worth noting the response of other EU countries in moving towards a Brexit and No Brexit situation. It is noteworthy that the world powers, Germany and France, which did not want to see Britain enter the EU, were reluctant to manipulate the EU as Britain wanted. Many countries want the process to end in a consensus, with expectations up to the last minute. Critics say the Brexit process, which is as important in world politics as it is in the world economy, will continue to make headlines around the world.