Mexican Media Brands
U.K., EU Reach Tentative Brexit Deal
British Prime Minister Boris Johnson and the head of the European Union say they have reached a deal for a “soft” U.K. exit from the EU at the end of October.
#labor #economics
Share
British Prime Minister Boris Johnson and the head of the European Union say they have reached a deal for a “soft” U.K. exit from the EU at the end of October.
The pact would create a new free trade agreement between the two entities that replaces the tariff-free arrangement enjoyed by EU members. But it also would impose unspecified “appropriate” rules of origin to determine which goods and services qualify.
The tentative deal faces a difficult vote in Parliament on Saturday, which three times rejected Brexit proposals by former Prime Minister Theresa May. A positive ratification vote would launch a transition period, during which much of current trade practices would continue.
Several trade organizations, pointing to the corrosive effect of uncertainty about Brexit over the past year, are urging a positive vote.
RELATED CONTENT
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.
-
Denmark, 10 Other EU Members Urge Piston Ban
Denmark and 10 other member nations of the European Union have urged the region to allow them to end gasoline and diesel engine sales by 2030.
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.