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

One Million Gazans Face Starvation

UNRWA: Hunger is spreading fast in Gaza. Women and girls are forced to adopt increasingly dangerous survival strategies like venturing out in search of food and water at the extreme risk of

South Africa hosts Africa Water Summit

The conference, convened by South Africa as part of its G20 presidency and jointly organised with the African Union (AU), the AU Development Agency, and the African Union-Africa Water Investment Program (AU-AIP)
Go toTop