The Council of the European Union said in a statement that the European Union has completed ratification procedures for the Trade and Cooperation Agreement with the United Kingdom, which will eventually enter into force on May 1.
The agreement, under which the United Kingdom and the European Union will continue to trade duty-free and quota-free, initially starts until April 30. The period of validity was previously extended so that both parties could legalize the document.
The Council decided today to conclude a trade and cooperation agreement between the European Union and the United Kingdom
– It was mentioned in the message.
This is the last step towards ratification of the document by the European Union. Brussels will now notify the UK of this and will publish the text of the agreement in the official EU newspaper by the end of the month. The council said the agreement will enter into force on May 1, 2021.
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