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THE CLOCK IS NO LONGER TICKING he European Union and the United Kingdom reached an agreement on Thursday in Brussels on the conditions of their future relationship so as to avoid a Hard Brexit on December 31, when the United Kingdom will cease to
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be part of the community. The pact will ultimately be less ambitious than the European Union wanted, but it will allow a commercial relationship without quotas or tariffs on condition that London assumes equal rules on competi-
tion and other safeguards. The pact, however, is not automatically applicable to Gibraltar, where Madrid and London continue to negotiate an agreement specific to the territory.
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