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The last hurdle in Brussels has been overcome, now it is the turn of the British Parliament.
09:56 December 30, 2020
the Top of the EU have the Brexit trade pact with Great Britain signed. The ceremony with the head of the EU Commission Ursula von der Leyen and President of the Council of the EU Charles Michel aired on the internet on Wednesday morning. From the point of view of Brussels, this means that the last hurdle before the implementation of the contract has been overcome as of January 1. British Parliament approval and necessary signatures in London should follow Wednesday.
Council leader Michel praised the deal as fair and balanced. It protects the interests of the European Union and creates stability and reliability for citizens and businesses, Michel explained. The EU will continue to stand by the UK’s side on important issues such as climate protection and the global fight against pandemics.
Regulations from January 1
The nearly 1,250-page trade and association agreement regulates economic relations after the transition phase of Brexit from January 1. This avoids fees and keeps friction losses in retail as low as possible. At the same time, many other issues are regulated, including fisheries and cooperation on energy, transport, justice, police.
At the moment, however, the contract can only be applied provisionally because for a Ratification by the European Parliament There was no time before the end of the year: the agreement between the two parties only worked at Christmas and therefore at the last minute. The European Parliament wants to examine the text carefully. Voting is scheduled for February or March.
