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An agreement has been reached on Brexit

An agreement has been reached on Brexit

The terms of the future relationship between the United Kingdom and the European Union were agreed upon, BBC writes.

He said the agreement is fair, balanced and fair Ursula von der LeyenPresident of the European Commission in Brussels. Ursula von der Leyen Michel BarnierAt a press conference with the chief EU negotiator, he stressed that the agreement reached after months of difficult negotiations will ensure that the UK, which has left the bloc, will remain a close partner of the twenty-seven-year-old European Union.

Von der Leyen said the agreement not only covers trade in goods and services, but also a wide range of other areas of interest to the European Union. These include investment protection, equal opportunity assurance, government aid system, tax transparency, air and land transport regulation, fisheries issues, mutual protection for data protection and social security coordination. It also maintains duty-free access and provides a zero quota for all goods that comply with rules of origin.

He added that the two sides are committed to the environment, combating climate change, social and labor rights, and a binding dispute settlement mechanism.

He stressed that the two parties agreed on a new framework for the joint management of fish stocks in the waters of the European Union and the United Kingdom. The UK will continue to be able to develop its fishing activities while protecting both the livelihoods and natural resources of European fishers.

He also informed that foreign policy and external security and defense cooperation were not covered by the agreement because the United Kingdom does not want to negotiate in these areas. Von der Leyen added that this means that from 1 January there will be no framework between the United Kingdom and the European Union to develop and coordinate joint responses to foreign policy challenges, such as imposing sanctions on citizens or economies of non-EU countries.

Downing Street welcomed the agreement in a statement. The British Prime Minister’s Office confirmed that the island nation had regained control over its funds, borders, laws, trade and fisheries.

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At the press conference, chief negotiator, among other things Also mentionedThat the United Kingdom does not participate in the Erasmus program, so that future British students will not be able to travel and study in institutions of higher education in the European Union under the student exchange program.

Britain decided in a referendum in 2016 to leave the European Union. After more than four years of negotiations, Brexit is over today, and the just approved deal will end the UK’s separation from the European Union.

The negotiated agreement will create a whole new partnership and economic relationship with the United Kingdom. Starting next week, after an 11-month transition period following the end of British membership in the European Union in January, the United Kingdom will end the European Union’s freedom of movement for people and implement immigration rules based on the registration system.

The agreement must also be approved by the British Parliament and the European Parliament. The British government announced Thursday night that the House of Commons in London will discuss and vote on the agreement with the European Union in an extraordinary meeting on December 30th.

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