Finally, the after-Brexit trade negotiation between the European Union (EU) and the United Kingdom (UK), ending months of disputes over rights to fishing and future market laws is over.
Next Thursday, the UK leaves EU trade laws – a year after formally exiting the 27-nation bloc.
With the UK and the EU being 2 distinct economies, with the end of free trade, this would signify main changes for businesses.
At a press in Downing Street on Thursday, 24th Dec., UK Prime Minister, Boris Johnson, affirmed that the United Kingdom has taken back control of her laws and her destiny.
The document of the agreement hasn’t been released yet, however the PM stressed that it’s a “good deal for the whole of Europe”
When the agreement was revealed, Mr Johnson tweeted a photo of himself posing with both thumbs raised in the air, repeatedly saying that the UK would “prosper mightily” without a deal.
He said at his press conference that the £ 668bn annual deal would “protect jobs across this country” and “enable UK goods to be sold without tariffs, without quotas in the EU market”
“nevertheless will be suitable for our ever changing London city to thrive and triumph as never before ”
The European Commission President, Ursula von der Leyen, stated at a press conference in Brussels that it has been a long and winding road, but there is a good deal to show for it.”
On 30 December, the UK Parliament will be reminded of the vote on the agreement – it will still need to be approved by the European Parliament.
Scottish Prime Minister Nicola Sturgeon criticized the agreement by saying: “Brexit is happening against the will of Scotland – and there is no deal that will ever make up for what we are taking away from Brexit.”