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<p>The UK and EU negotiating teams have agreed a time-limited implementation period,
the terms of which were endorsed by the remaining 27 EU Member States at the March
European Council (22-23 March). Common rules will remain in place until the end of
the period meaning business will be able to trade on the same terms as now up until
the end of 2020. These terms will not change.</p><p><strong> </strong></p><p>The Government
welcomes the comments made by business groups such as the British Chambers of Commerce
who have acknowledged that “while some companies would have liked to see copper-bottomed
legal guarantees around the transition, the political agreement reached in Brussels
is sufficient for most businesses to plan ahead with a greater degree of confidence.”</p><p>
</p><p>Ministers and officials will continue to engage extensively with businesses
and regulators to ensure that businesses can plan with certainty for the future.</p>
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