UK businesses feel relief for averting no-deal Brexit

London, Dec 25 : British businesses felt relief for avoiding the no-deal outcome after Britain and the European Union (EU) reached their post-Brexit trade agreement in the last-minute negotiations, expecting more details to be rolled out soon.
Adam Marshall, director-general at British Chambers of Commerce, said, “The UK-EU agreement is officially done. Relief for many weary, worried businesses that a ‘no deal’ outcome has been averted.” Marshall said that it is the time now to “scrutinize and understand the detail — and ensure businesses have the practical information they need to trade successfully from January 1 (2021).” While welcoming a zero-tariff deal between both sides, he said that it does not remove many non-tariff barriers and frictions, Xinhua news agency reported on Thursday.
“Let us be absolutely clear,” said Marshall, adding that the businesses are “facing significant, new non-tariff barriers to trade from January 1 (2021).” “While the agreement of a zero-tariff UK-EU deal is welcome, it does not remove many non-tariff barriers and frictions,” he added.