The UK And The EU Have Finally Agreed On A Brexit Trade Deal After More Than Four Years
The UK and the European Union have finally reached a trade deal for Brexit, more than four years after the UK voted to leave the EU.
The UK and the European Union have finally reached a trade deal for Brexit, more than four years after the UK voted to leave the EU.
The two sides reached the agreement on Thursday, right before deadline at the end of 2020 and after 11 months of negotiations.
“It was a long and winding road, but we have got a good deal to show for it,” Ursula von der Leyen, the president of the European Commission, said.
UK Prime Minister Boris Johnson said that the £668 billion a year deal would protect jobs across the UK and “enable UK goods to be sold without tariffs, without quotas in the EU market.” Johnson said the deal meant that the UK had “taken back control of our laws and our destiny.”
The UK had left the EU on January 31, 2020 but leaders had until the end of this year to reach a trade deal. If approved, the agreement will take effect on Jan. 1, 2021.
