2. EU obligations under EU trade guarantee law apply in the United Kingdom where the tendering, contracting or contracting procedure for the classified contract, classified sub-contract or exclusion case was initiated before the end of the transition period. The EU air transport law, which was not applicable at Gibraltar Airport before the withdrawal agreement came into force, applies to Gibraltar Airport only from the date set by the Joint Committee. The Joint Committee takes the decision on this matter after the United Kingdom and Spain have indicated that they have reached a satisfactory agreement on the use of Gibraltar Airport. Based on the latest information available, the Joint Committee sets the total annual amount of aid and the initial minimum percentage covered by Article 10, paragraph 2, which were initially exempted. The maximum initial initial annual aid is provided by the organisation of the future UK agricultural support scheme and by the annual average of the total amount of expenditure in Northern Ireland under the Common Agricultural Policy under the current 2014-2020 MFF. The initial minimum percentage is reported by the organisation of the UK agricultural support scheme and by the percentage at which the total expenditure of the Common Agricultural Policy in the EU was in line with the provisions of Schedule 2 of the WTO Agreement on Agriculture for the period in question. The Act received royal approval on 23 January 2020, nine days before the UK leaves the European Union. The UK is preparing to leave the EU on 31 January 2020 at midnight European time.
The EU and the UK will then have until 31 December 2020, the end of the transition period under the withdrawal agreement, to negotiate an agreement on their future relations. If there were no such agreement, it would lead to another scenario of non-agreement of the cliff. Prior to the entry into force of this agreement, the European Commission adopted and, if necessary, approved the financial institutions charged by the European Commission with the implementation of a financial instrument under a 2014-2020 MFF programme or from an earlier financial perspective in the context of direct or indirect implementation; and agreements between Member States concluded as EU Member States; Such an agreement can be obtained by any type of communication. The bill described by The Independent as a government „incision“ on Conservative rebels would have allowed MPs to review and amend each „line-by-line“ agreement.  Conservative MP Steve Baker wrote to The Times stating that the new bill „gives any agreement that we have a good reputation with the EU in British law“ and that it is compatible with the referendum result of „giving more control over how we are governed by the British Parliament.“  The EU is responsible to the United Kingdom for its share of the EU`s investments in the capital released from the EIF as of 31 December 2020.