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British Prime Minister Boris Johnson holds a press conference in London on the 24th to announce the conclusion of the Brexit Future Relations Agreement. London = AP Yonhap News
When the UK and the European Union (EU) signed an agreement on future relations, including a trade deal, Brexit (the UK’s withdrawal from the EU), European leaders welcomed them all at once. The stock market also ended higher with relief that long-standing uncertainties had been removed.
German Chancellor Angela Merkel issued a statement on the 24th (local time) to conclude a future negotiation between the UK and the EU, saying: “We are very confident that we have achieved good results.” “We will quickly decide whether or not Germany can support the results. “” Through the historic agreement, the UK will remain an important partner between Germany and the EU. “
French President Emmanuel Macron also posted a post on Twitter, welcoming “unity and solidity (of the EU) have come true.” President Macron said: “The agreement with the United Kingdom is essential to protect our citizens, fishermen and producers,” said President Macron. “Europe looks forward to a united, independent and strong future.” Italian Prime Minister Giuseppe Conte was also optimistic that the agreement “will guarantee the interests and rights of European companies and citizens.”
Major European stocks also rose. The FTSE 100 index of the London Stock Exchange in the United Kingdom closed at 6,502.11, 0.1% higher than the previous trading day, and the pan-European Euro Stoxx 50 index also increased 0.1% to 3,543 , 28. However, the results of the negotiations were not adequately reflected as most of the European stock markets closed early this day before Christmas.
On that day, the two parties ended the ‘divorce mediation’ process, which lasted four and a half years after the British referendum in June 2016. The two parties’ ‘Post Brexit’ negotiations, which continued for a year since earlier this year, they were dramatically resolved a week before the end of the transition period. In a statement, British Prime Minister Boris Johnson announced the conclusion of the deal, saying: “What we promised the people in the 2016 (Brexit) referendum and last year’s general elections has been delivered.” “We have reached a fair and balanced agreement,” said Urzula Ponderaien, president of the Executive Committee of the European Commission. We will continue to cooperate with the UK in all areas. “
In the future, the EU and UK parliamentary votes will take place on the agreement between the two parties. Although the UK is in recess, it decided to call a parliamentary vote on the 30th. EU ambassadors will meet in Brussels on the 25th to review the negotiations. Ratification requires the unanimous approval of all 27 EU member states.
Isaac kim reporter [email protected]
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