State Of Play Trade Agreements
In some circumstances, trade negotiations with a trading partner have been concluded, but they have not yet been signed or ratified. This means that the negotiations are over, but no part of the agreement is yet in force. The UK government is also preparing for a “no-deal” outcome of trade negotiations, but less “open” at this stage than the European Commission (see our previous update here). Penny Mordaunt, paymaster general, told the House of Commons this week that it would be “wise and wise for us to prepare for every scenario.” A full list of UK agreements (updated from time to time) is available here. So far, the new agreements are “continuity” or “rollover” agreements, meaning they try to replicate the effect of agreements between the EU and partner countries. . . .