Former British negotiator for Brexit, David Frost, stated that the European Union is likely to request more time to ratify the trade agreement related to the UK's departure from the bloc.
Frost told a committee in the House of Lords, "We have informally heard from the Commission that we are about to receive an official request to extend the two-month period stated in the treaty for ratification by the European Union." He continued, "We are waiting to see what that request will look like and the timeframe they want to extend the process; it is undoubtedly somewhat disappointing considering that we discussed this just one month ago." This agreement means there will be no tariffs or quotas on British and European products exchanged between the two parties. British exports will remain subject to EU health and safety standards, while strict rules govern products made from components sourced outside the UK or the EU. Businesses will face a series of new restrictions on imports and exports across the Channel due to the UK leaving the European customs union and single market.
