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The 1,246-page Brexit deal that will regulate trade and competition between the UK and the EU has been announced.
UK Prime Minister Boris Johnson confirmed on Christmas Eve that the Brexit deal had finally been drafted. Photo: Paul Grover / AP / NTB
The content of the agreement will govern the relationship between the UK and the EU when the UK finally withdraws from the union on January 1, 2021.
The long-awaited trade deal finally materialized on Christmas Eve after many rounds of negotiations in Brussels. The agreement must be ratified by both the EU and the UK.
London Parliament will meet on December 30. The deal is expected to go through. The European Parliament must also give the green light, but this is not expected to happen until the new year.
Both happy parties
– It is a fair and balanced agreement, and it was the right thing and responsible for both parties, said the president of the EU Commission, Ursula von der Leyen, when the agreement was announced on Christmas Eve.
UK Prime Minister Boris Johnson was also pleased with the deal.
“The agreement will protect jobs, allow British products to be sold without tariffs or quotas in the EU market, and allow companies to do even more business with our European friends,” Johnson said.
Nileser in romjula
On Friday morning, the EU ambassadors began reviewing the content of the agreement. In a video posted on Twitter On Friday, British Prime Minister Boris Johnson asked the British to spend Christmas reading the agreement.
So far, it has emerged that the agreement ensures duty-free trade in goods between the UK and the EU and continued British participation in the EU’s main research program, Horizon.
The new free trade agreement covers not only goods and services, but also investments, competition rules, state aid rules, tax policy, air transport, road transport, energy and sustainability, fisheries, data security and coordination of benefits of social security, the EU Commission said in a press release.
Søreide: – More complicated
Foreign Minister Ine Eriksen Søreide (H) believes that the Brexit deal is positive for the UK, Norway and the EU. However, he emphasizes that it complicates the relationship.
– Of course trade between the EU and the UK will be more complicated than it is today and there will be more barriers than there are today, but it is a choice that the UK has made, and we must respect that, said the minister Foreign Relations to NTB on Friday. .
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