December 30, 2020
1 min read

EU officials ink post-Brexit trade deal with UK

After months of negotiations, on December 24 the EU and the UK announced the reaching of an agreement that will govern bilateral trade and security relationship starting from January 1, 2021….reports Asian Lite News

Leaders of the European Union (EU) on Wednesday formally signed the post-Brexit trade deal with the UK.

Taking to Twitter, European Commission President Ursula von der Leyen confirmed that she and European Council President Charles Michel “signed the EU-UK Trade and Cooperation Agreement” in Brussels.

“(UK) Prime Minister Boris Johnson will sign it later today in London,” she said.

“It has been a long road. It’s time now to put Brexit behind us. Our future is made in Europe,” von der Leyen added.

After months of negotiations, on December 24 the EU and the UK announced the reaching of an agreement that will govern bilateral trade and security relationship starting from January 1, 2021.

The deal will need the approval of the European Parliament, the UK Parliament and the EU’s 27 member states.

The free trade deal is the biggest bilateral trade deal signed by either side, covering trade worth around 668 billion pounds ($905 billion).

The UK is the EU’s third largest trading partner in goods, after the US and China.

Also read:Turkey, UK ink free trade deal

Previous Story

Fauci warns of ‘worsening health crisis’

Next Story

Over 2mn US kids test positive for Covid-19

Latest from -Top News

IAEA sounds nuclear alarm in Iran

UN nuclear watchdog urges restraint, calls for diplomacy to prevent crisis. The head of the International Atomic Energy Agency (IAEA), Rafael Grossi, has issued a stark warning about the potential nuclear fallout

Trump says it’s hard to tell Israel to stop

President downplays European diplomacy as Israeli jets strike over 35 Iranian missile sites US President Donald Trump has said it would be “difficult” to ask Israel to stop its ongoing airstrikes on

Modi calls Yoga a journey from ‘me’ to ‘we’

PM Modi showered praise on the Andhra Pradesh government for hosting this year’s national celebrations, commending Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan for their leadership. Prime Minister

UK unites for Yoga Day

Celebrations held across iconic landmarks and campuses under theme ‘One Earth, One Health’ The Indian diaspora and local communities across the United Kingdom gathered in large numbers on Friday to mark the
Go toTop