However, the deal leaves major issues either unresolved or at risk of flaring up again. The trade deal could therefore still collapse in future if the U.K. or EU decide it isn’t working out. The agreement only features standard provisions on financial services, meaning it doesn’t include commitments on market access. Johnson told the Sunday Telegraph the deal “perhaps does not go as far as we would like“ on financial services, in a rare admission his strategy in the talks had fallen short. EU officials have said a so-called data adequacy decision, which would certify that U.K. data protection standards are comparable with the bloc’s, could be made in early 2021.

Source: Mint December 28, 2020 01:18 UTC