UK and EU reach trade deal ahead of Brexit deadline

The United Kingdom and the European Union have finally struck a deal ahead of next week’s Brexit deadline.

It’s been four years since the UK voted to leave the bloc, but the parties failed to come to a trade deal which saw the deadline constantly pushed back.

A deal has now been made, ahead of the New Year’s Day deadline which could have been chaotic.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


It means that the UK will finally depart as a member state of the EU, which it’s been a part of since 1973.

The trade deal essentially ensures that Britain preserves its zero-tariff and zero-quote access to the EU and vice-versa, which makes up almost half a billion dollars a year.

“We have taken back control of our destiny,” British Prime Minister Boris Johnson said last night.

“People said it was impossible, but we have taken back control. We will be an independent coastal state.

“We will be able to decide how and where to stimulate new jobs,” he said.

European Commission President Ursula von der Leyen says the deal is fair.

“It 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 said.

It’s understood that the deal still needs approval from the UK parliament and the remaining states of the EU.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments