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This is an essential letter for those interested in the various rollover issues of FTAs. Here’s a quick explanation (thread)
There are TWO rollover processes. Process 1 assumes either a no-deal or concerns anything past a transition in a deal scenario. This requires the UK signing its own FTAs. I have tweeted repeatedly on this. @LordsEUCom scrutinises the respective FTAs.
@LordsEUCom Process 2 assumes a transition, so would operate in a deal scenario. Under this scenario the idea is that the EU requests that things continue as they are now, so the UK fully benefits from the EU’s FTAs. However,...
@LordsEUCom ... the third countries were always likely to do their own analysis to see if they feel they can/should/must do that legally. So it was interesting to see what third countries actually think.
@LordsEUCom It is my understanding from the letter that countries that confidentially said they’d go along are not on the list.
