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PIMFA Fortnightly News Bulletin - 14 February 2020 Welcome to the PIMFA Bulletin, our fortnightly e-newsletter delivering a snapshot of the latest news and current affairs from within PIMFA and the industry.
What is PIMFA working on? BREXIT Update The UK formally left the EU at 11pm GMT on 31 January 2020 and entered the transition period, which will last until 31 December 2020. During the transition, EU law continues to apply in the UK. The future shape of the UK – EU agreement will depend on the UK’s decision to converge or diverge from EU rules.
The EU offers zero tariffs and zero quotas on all goods entering the EU Single Market and an ambitious free trade agreement in services. This offer is conditional on the UK maintaining a robust level playing field and agreeing a reciprocal access to fishing waters. The UK wants to conclude a Canada-style free trade deal without involving the European Court of Justice in any dispute mechanism. The UK also wants an agreement with the EU on fisheries to recognise that British fishing grounds are for British boats and include annual negotiations on the EU fishing quotas. The Government will not engage in a ‘race to the bottom’ and will maintain the highest standards without needing the compulsion of a treaty.