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<p>The Government is committed to working with third countries to provide continuity
across our existing trade agreements to deliver certainty for businesses in all scenarios,
including professional services companies. Some of these agreements contain services
chapters. We will inform Parliament and the public when agreements have been signed
and will post details of completed agreements on <a href="http://gov.uk/" target="_blank">gov.uk</a>.</p><p>The
EU has agreed to notify third countries that, during the implementation period, the
UK is to be treated as an EU member state for the purposes of international agreements,
including trade agreements. This provides a basis for continuity during this period.</p><p>Should
arrangements to maintain particular preferences in a no deal scenario not be in place
on exit day, trade would then take place on a ‘Most-Favoured Nation’ (MFN) basis,
which is sometimes referred to as ‘World Trade Organization (WTO) Terms’, until a
new arrangement has been implemented.</p><p>For services, the MFN principle means
WTO members are required to grant treatment to UK services and service suppliers,
which is no less favourable than to services and service suppliers of any other WTO
member</p><p> </p>
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