By Ben Kerrigan-
Britain And The EU have reached a last minute Trade Agreement In Brexit Talks.
UK and EU negotiators agreed on a Brexit trade and security deal just eight days before Britain is set to leave the union.
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The deal is the largest ever signed by either the UK or the EU and effectively avoids a no-deal outcome which would have resulted in tariffs and quotas being applied to imports and exports. The prime minister said the deal was done with ”a team of negotiators”. He also described the deal as ”happy” and ”dynamic”.
He also described it as ”a new long term friendship and partner”.
Boris Johnson said the deal resolved a longstanding dispute, as he spoke of ”a giant free trade with a stimulus that would benefit us both”. He said the deal meant ”certainty” for scientists, businesses, the police, and all those working for high skilled jobs.
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It represents the largest trade deal ever signed by either side, covering trade worth £668bn in 2019, and ensuring existing zero-tariff, zero-quota arrangements on imports and exports remain in place.
A statement from 10 Downing Street explained that ‘Everything that the British public was promised during the 2016 referendum and in the general election last year is delivered by this deal.’
At a press conference in Brussels, the European Commission president said: “This was a long and winding road but we have got a good deal to show for it.”
“It is fair, it is a balanced deal, and it is the right and responsible thing to do for both sides.”
She added that now was “time to turn the page and look to the future” and that the UK “remains a trusted partner”.
“The EU and the UK will stand shoulder to shoulder to deliver on our common global goals,” she said.
The deal is fantastic news for families and businesses in every part of the UK. We have signed the first free trade agreement based on zero tariffs and zero quotas that has ever been achieved with the EU.
The deal is the first in history to erect barriers to commerce as it will see new border checks applied to UK and EU goods, rather than preserving the seamless trade the UK and EU have at the moment.
Official estimates suggest the deal will cost the UK 4% of GDP in the long term, while bureaucracy caused by Brexit will see traders fill in an estimated 200 million customs declarations a year
A statement from 10 Downing Street explained that ‘Everything that the British public was promised during the 2016 referendum and in the general election last year is delivered by this deal.’
The deal is fantastic news for families and businesses in every part of the UK. We have signed the first free trade agreement based on zero tariffs and zero quotas that has ever been achieved with the EU.
The deal is the first in history to erect barriers to commerce as it will see new border checks applied to UK and EU goods, rather than preserving the seamless trade the UK and EU have at the moment.
Official estimates suggest the deal will cost the UK 4% of GDP in the long term, while bureaucracy caused by Brexit will see traders fill in an estimated 200 million customs declarations a year.
Ursula von der Leyen, president of the European Commission, said in a press conference that the two sides have ‘finally found an agreement after a long and winding road.’
She described the deal as ‘fair’, ‘balanced’ and ‘responsible for both sides’, adding: ‘Europe is now moving on.’
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