Europe: International: News: Hankyoreh



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Agree approximately one week before the end of the transition period
No Brexit deal only avoids the worst

The European Union and Great Britain concluded negotiations to determine economic relations after Great Britain left the EU on the 24th. Alongside the flags of the European Union and the United Kingdom, there is a sculpture of 'Brexit' signifying the withdrawal of Great Britain of the European Union.  Brussels / AFP Yonhap News

The European Union and Great Britain concluded negotiations to determine economic relations after Great Britain left the European Union on the 24th. Alongside the flags of the European Union and the United Kingdom, there is a sculpture of ‘Brexit’ signifying withdrawal of Great Britain from the European Union. Brussels / AFP Yonhap News

The United Kingdom and the European Union (EU) were spectacularly able to conclude trade negotiations about a week before the end of the Brexit transition period (the United Kingdom withdraws from the European Union). The European Union and the United Kingdom announced on Christmas Eve (local time) that they had concluded negotiations to conclude an agreement for economic relations after Great Britain withdrew from the European Union. The deal is based on free trade in goods between the UK and EU member states, which amounted to £ 438.1 billion (about 6,570 trillion won) in 2019. As of June 23, 2016 , the withdrawal process, which lasted four years and six months after the UK withdrew from the European Union (Brexit), passed the referendum, finally ended. The transition period applied even after the 2016 referendum, so the Brexit effect did not appear immediately, but if negotiations were not concluded, tariffs would be imposed on a wide range of both imports and exports starting next year. Immediately after the conclusion of the negotiations, details were not disclosed, but British Prime Minister Boris Johnson said that “a duty-free agreement was reached with the European Union”, which appears to have avoided the situation in the that tariffs are imposed on a wide range of imports and exports starting next year. In UK waters, where the two sides had been in conflict until the end of the negotiations, EU vessels and fishing vessels have decided to go through a transitional period in which they give up a quarter of their fisheries current for five and a half years, according to AFP.

British Prime Minister Boris Johnson on the 24th, when Great Britain and the European Union (EU) reached a dramatic trade deal a week before the end of the transition period for Brexit (British withdrawal from the European Union), along with a picture of her cheering on Twitter for

British Prime Minister Boris Johnson on the 24th when Britain and the European Union (EU) reached a dramatic trade deal a week before the end of the transition period for Brexit (British withdrawal from the European Union), along with a photo of her cheering on Twitter for “Negotiations concluded.” Twitter screenshot

“It was a very long and winding road,” said Urzula von der Laien, director of the European Union administration. But we were able to show a very good deal. “In a statement issued today, the British government emphasized:” With this agreement, what we promised the people in the 2016 referendum (Brexit) and the general elections (last year). The Brexit Agreement is still in the process of ratification by both the British and European Parliament. Although the worst situation of ‘Brexit without agreement’ (no agreement on trade negotiations) was avoided, the rollback of ‘European integration’, which was fruitful with the inauguration of the European Union in 1993 has also been rendered irreversible by Britain’s departure from the European Union By Jo Ki-won, Staff Reporter, [email protected]



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