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EU Commission President Ursula von der Leyen said during a press conference at 4pm Norwegian time on Christmas Eve that it has been a “long and winding road” but confirms that the solution with Britain is finally here. instead. She calls the solution “correct and balanced”.
– It is the right thing and responsible, for both parties, says von der Leyen.
Therefore, the agreement is in force four and a half years after the British voted to leave the EU.
– After a successful negotiation, I generally feel happy. Today is just a quiet satisfaction and relief. I know this is a difficult day for some, he says.
– Regained control
A statement from the Government of the Prime Minister of the United Kingdom, Boris Johnson, stated:
– All British people were promised in the 2016 referendum and in last year’s elections this agreement is honored. We have regained control of our money, borders, trade laws and fishing grounds. The deal is fantastic news for families and businesses everywhere in the UK.
Furthermore, the agreement guarantees that the UK is no longer bound by EU rules and that it implies “full political and economic independence” as of January 1, 2021.
According to the statement, the agreement covers trade worth NOK 7.823 billion in 2019.
Long negotiations
The parties negotiated through the night and beyond on Christmas Eve after British Prime Minister Boris Johnson held a conference call with several ministers on Christmas Eve. A French government source said the same night that Britain had made significant concessions on unresolved fisheries issues, one of the last issues on which the parties finally reached an agreement.
– We have finally reached an agreement. It was a long and winding road, but we have a good deal to refer to, said EU Commission President Ursula von der Leyen at the press conference at 4pm Norwegian time. (Photo: Francois Lenoir / AP / NTB scanpix)
In recent days, the negotiations have focused mainly on fishing rights and competition rules. In the end, there were only a few details that the parties struggled to agree on, and that was the reason why the negotiations were delayed.
EU Commission President Ursula von der Leyen and British Prime Minister Boris Johnson were expected to speak on Christmas Eve. According to the BBC, it will be the fifth conversation between them in the last 24 hours. But time passed and the press conference scheduled outside 10 Downing Street on Christmas Eve morning was postponed. A large body of press waited outside for several hours in the cold before the decision came.
The only entertainment they received while waiting was when the cat Larry, who has lived at 10 Downing Street for many years, attacked a pigeon. The pigeon survived the attack.
NHO: – Prevents an economic crisis
NHO Director Ole Erik Almlid is relieved by the news that the EU and the UK have agreed to a trade deal.
– It is very good that the EU and the UK have finally agreed on a trade deal. This avoids a major economic crisis and provides companies with predictability about the rules for conducting trade between the EU and the UK, Almlid tells NTB.
– The UK is Norway’s main export recipient and it is important to us that the UK economy is doing well. The UK is hard hit by the crown and a “no deal” with the EU would intensify the economic recession, Almlid emphasizes.
Gives a boost to the stock markets and the pound
The draft agreement that is now on the table will be around 2,000 pages long, and both parties have until December 31 to implement it.
The British Parliament, in which Johnson has a majority, is expected to vote on a deal on December 30. The European Parliament has said that they will not have time to consider it before the New Year. Instead, the union can have a temporary agreement in which the agreement runs from the new year, but is subsequently approved by parliament.
European stock markets and the value of the pound rose on Christmas Eve following reports that a Brexit deal was imminent between the EU and the UK.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We want you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
