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Brexit trade deal

24.12.2020 – The U.K. and the EU finally announced they had struck a deal governing their future trade relations. The deal will avoid tariffs when the Brexit transition period ends on December 31. “We have finally found an agreement. It was a long and winding road but we have got a good deal to show for it. It is fair and it is a balanced deal,” European Commission President Ursula von der Leyen told a news conference. Prime Minister Boris Johnson said during a Downing Street press conference that “the British people knew it was doable but were told it was impossible.”The deal must now be approved by all 27 EU countries, as well as by the U.K. and European Parliament, though given time is so tight the European Parliament will vote on the agreement retrospectively after it comes into force on January 1. British MPs are expected to vote on the deal next week, although given Johnson’s large majority in the House of Commons, he is not expected to face significant opposition. More: here

Source: Politico

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