The specter of Great Britain pulling out of the European Union without a deal fades. Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission, signed a trade agreement with Great Britain on Wednesday in Brussels on behalf of the European Union. In turn, it would be signed by Prime Minister Boris Johnson in London on behalf of Great Britain.
Charles Michel said on Twitter that the agreement would now be forwarded to the UK, where Prime Minister Johnson would sign it.
“New chapter, new relationship” commented the president of the European Council.
This ends months-long negotiations and eliminates concerns about the possibility of Britain leaving the European Union until the last minute, and thus the lack of regulation of trade relations between London and Brussels.
After 4.5 years of plebiscite and 47 years of membership, Great Britain has finally left the European Union on mutually agreed terms.
Throughout the course of the negotiations, there were three main points of contention – fishing, that is, for how long, after the end of the transition period and fishing, EU boats will be able to fish in British waters, the so-called equal opportunity, that is, regulatory convergence, so that neither party gets Unfair competitive advantage, and methods of resolving any potential future disputes arising from the contract.
The agreement was announced on Christmas Eve, less than a week before the end of the transition period. During a press conference shortly after the agreement was announced, both British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen declared victory in the negotiations.
See also: Brexit. Changes from the new year. “There will be new customs procedures and formalities.”
The British Prime Minister emphasized that the agreement governs relations between two equal, sovereign partners, and that the UK got everything it wanted in the negotiations.
Ursula von der Leyen, in turn, asserted that the European Union had forced Great Britain to make concessions in all areas that were most important to it.