Britain and the European Union agreed Thursday on new Brexit trading arrangements more than four years after the U.K. voted to leave the bloc, narrowly avoiding a potentially disastrous no-deal scenario.
The two sides reached a “zero tariff-zero quota deal” which will help smooth the trade of goods across the channel. It will bring relief to exporters on both sides that had been facing higher tariffs and costs had a deal not been reached.
The trade agreement still has to be ratified by the U.K. and EU parliaments in the coming days, with a vote in Westminster due Wednesday.
The deal is done. pic.twitter.com/zzhvxOSeWz— Boris Johnson (@BorisJohnson) December 24, 2020
“I’m very pleased to tell you, this afternoon, that we’ve completed the biggest trade deal yet, worth £660bn a year”— BBC Breaking News (@BBCBreaking) December 24, 2020
UK Prime Minister Boris Johnson says the EU-UK trade deal takes “back control of our laws and destiny”
The UK remains a trusted partner. We will stand shoulder to shoulder to deliver on our common global goals.— Ursula von der Leyen (@vonderleyen) December 24, 2020
But now let's turn the page and look to the future.
To all Europeans I say: it is time to leave Brexit behind.
Our future is made in Europe. pic.twitter.com/QefWjB5KdH
The deal is not perfect but it is a big moment.— Nigel Farage (@Nigel_Farage) December 24, 2020
This victory is a tribute to the ordinary men and women who stood up against the Westminster establishment — and won.
There is no going back. pic.twitter.com/g2rhgvJOFT