Britain and EU publish text of narrow Brexit trade deal

Middle East
26-12-2020 | 08:40
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Britain and EU publish text of narrow Brexit trade deal
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Britain and EU publish text of narrow Brexit trade deal
Britain on Saturday published the text of its narrow trade agreement with the European Union just five days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire.

The text includes a 1,246-page trade document, as well as agreements on nuclear energy, exchanging classified information, civil nuclear energy and a series of joint declarations.

The "Draft EU-UK Trade and Cooperation Agreement" means that from 2300 GMT on Dec. 31, when Britain finally leaves the EU's single market and customs union, there will be no tariffs or quotas on the movement of goods originating in either place between the UK and the EU.

The treaty explicitly recognizes that trade and investment require conditions for "a level playing field for open and fair competition."

On financial services, which drive the British economy, the two sides simply commit "to establish a favorable climate for the development of trade and investment between them".

The text includes many detailed annexes including on rules of origin, fish, the wine trade, medicines, chemicals and security data cooperation.
 
 
 
 
REUTERS

Breaking Headlines

Britain

EU

Brexit

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More