Brexit Deal Is Much Better Than a No-Deal, Moscovici Says

The transcript discusses a potential deal between the UK and EU, emphasizing the importance of the British Parliament's vote. It highlights the absence of a Plan B and the complexities of customs and taxation in Northern Ireland. The mechanism ensures Northern Ireland remains part of the UK while adhering to EU customs rules. The discussion also touches on the bureaucratic challenges involved in distinguishing products for customs purposes.

What is the primary concern if the Brexit deal is not approved by the British Parliament?

• The deal will automatically be extended.

• European leaders will have to address a complicated situation.

• The UK will remain in the EU indefinitely.

• The deal will be renegotiated immediately.

What is the role of the joint committee in the customs mechanism?

• To distinguish products between Northern Ireland and the internal market.

• To negotiate new trade deals.

• To enforce tariffs on all goods.

• To manage the UK's exit from the EU.

How does the customs mechanism ensure Northern Ireland's status?

• By making it a separate entity from the UK.

• By applying the rules of the customs Union while keeping it part of the UK.

• By excluding it from the customs Union.

• By merging it with the Republic of Ireland.

What is a significant challenge mentioned in the customs mechanism?

• Managing the flow of goods between Northern Ireland and the Republic of Ireland.

• Negotiating new trade agreements with the EU.

• Simplifying the taxation process for the UK.

• Reducing the number of bureaucrats involved.

What is the main task of the British customs in the new mechanism?

• To distinguish between products staying in Northern Ireland and those entering the internal market.

• To negotiate with the EU.

• To manage the UK's financial policies.

• To oversee the UK's immigration policies.