I’m going to reproduce @3days3nights posts here for backup and to do a full unroll afterwards. All credit goes to him! - P1

Been a lot of discussion recently around services trade in the deal between the UK and EU. Having read through the agreement over the past couple of days, my impressions👇

First off, services is definitely included. Question for service providers, is will it be enough?

1/N

My overall impression is that the EU has offered among the best in class for its FTAs similar to Canada and Japan.

But this access is a far cry from access to the Single Market and how is constructed as part of a trade agreement for the EU reflects that.

2/n

Unlike for goods trade, once you've got a product through all the customs and regulatory procedures into the EU, it can be sold anywhere in the EU, or its "entered circulation".

For services trade, that isn't the case. Its still done on a member state by member state level.

3/n

This is even true in the trade agreement itself where although the provisions set out in the Services and Investment chapter sounds awfully good - lots of principles about the freedom to establish and allowing the cross-border trade in services.

It's only when...

4/n

You get to the annexes and you realise both the EU and individual member states have put entry conditions across huge areas of different services sectors both now (existing measures) & in the future. Don't worry too much about the future reservations, it's the existing ones.

5/n

EXCLUSIVE. "We want a Brexit deal with the UK. But the EU is ready for No Deal"

I interviewed Joao @ValedeAlmeidaEU, EU’s first ambassador to the UK. He expressed many interesting comments on the ongoing #Brexit negotiations

THREAD with some

1. Ambassador Vale de Almeida:

the aim is a "fruitful, ambitious, forward-looking relationship between the EU and the UK after Brexit". BUT "it is very important to make sure that the Withdrawal Agreement is fully and completely implemented".

#Brexit

2. Then he said:

Another challenge is "to engage with the British authorities, [...] Whitehall, No10, FCDO and beyond, but also with the DEVOLVED UK nations. This country is a union. It's not only the government in London, BUT ALSO the governments in the 3 devolved nations".

3. But we'll talk later about this.

Then the Ambassador said that #Brexit "is a moment of sadness because we're losing one member of the family, but also we [the EU] need to reflect, draw lessons from it" and "to be humble as well about Europe and the project itself".

4. Which lessons?

Amb: "We [EU] need to connect better with people, understand better what are people's concerns, accept that there are national situations that need to be given full attention. We need to be humble and question ourselves: "Are we doing the right thing"

#Brexit

Japanese companies in the UK who have moved their product distribution hub to the EU in anticipation of what is now happening. One in a long thread, just to make a point that *some* companies have been preparing for worst case Brexit for years 1/13

Allegro MicroSystems Europe, semiconductors and ICs, owned by Sanken Denki, now importing into EU via Netherlands rather than UK. Amano Enzyme Europe transferred EU stock to warehouse in EU 2/13

Anritsu EMEA (sales and service of testing and measuring solutions to communications industry) all EU deliveries now go to second transport hub in Netherlands. Audio Technica established European Distribution Centre in Netherlands for Brexit (bit of a 🇳🇱theme here) 3/13

Eisai Europe (manufactures pharmaceuticals in Hatfield) transferred centralised marketing authorizations to Frankfurt, established testing and storage facilities in Antwerp. Electric Glass Fiber holding stock in EU for Brexit 4/13

Enplas Europe (semiconductors) acquired warehousing in NL for Brexit. Fujichem Sonneborn opened warehouse in Spain for Brexit. Furukawa Electric Europe shifted warehouse and distribution to Germany. 5/13