98.—(1) The Trade Act 2021(1) is amended as follows.
(2) In section 1(3) for “retained direct principal EU” substitute “assimilated direct principal”.
(3) In section 2—
(a)in subsection (9) for “retained direct principal EU” substitute “assimilated direct principal”;
(b)in subsection (9) for “retained EU” substitute “assimilated”;
(c)in subsection (12) for “retained direct EU” substitute “assimilated direct”.
(4) In section 5, omit subsection (4).