New Era Begins for EU, U.K.

The video discusses the changes in trade arrangements following Brexit, highlighting the absence of quotas and tariffs but increased regulation and paperwork. Initial observations show smooth export activities, but potential disruptions are anticipated as businesses adapt to new regulations. The divergence from EU standards is evident in areas like vaccine approval, with broader implications across various sectors.

What remains unchanged in the new trade arrangement?

• Paperwork

• Regulations

• Quotas and tariffs

• Price checks

What was the initial observation regarding export activities after the new trade arrangement?

• There were major disruptions

• It went relatively smoothly

• It was completely halted

• There were no exports

What is a potential challenge for businesses with the new trade arrangement?

• Fewer regulations

• More red tape

• Simplified processes

• Less paperwork

How does the UK's vaccine approval process differ from the EU's?

• It is faster

• It is more expensive

• It is the same

• It is slower

Which sectors are mentioned as being affected by the new trade arrangements?

• Industry, finance, and climate

• Only climate

• Only finance

• Only industry