Sure. My understanding is that if we don't have this agreement in place at the end of December, then importers and exporters whose goods will be going to the U.K. will then be dutiable. That would be an additional cost that is not on their balance sheets today, and that they would have to absorb. They would either need support around that, or hopefully people will come together and provide this transitional agreement to alleviate that additional cost.
On November 23rd, 2020. See this statement in context.