The United Kingdom and the European Union reached an agreement on their trade relations in the post-Brexit era, after 11 hours of talks, which began on Wednesday evening and months of negotiations, which were welcomed by European stock markets and the British pound, achieving “big leaps” on the morning of Thursday.
Boris Johnson announced a historic trade and security deal after Brexit in a phone call with Ursula von der Leyen on Christmas Eve this morning, four and a half years after Britain chose to leave the bloc.
British Prime Minister Boris Johnson said that the agreement reached between the United Kingdom and the European Union is worth 660 billion pounds annually and will protect jobs across the country by allowing goods to be sold without customs duties and quotas in the European Union.
British Prime Minister Boris Johnson affirmed that the Brexit agreement ends the authority of the European Court and that the agreement on Brexit will create jobs on the entire European continent.
For her part, European Commission President Ursula von der Leyen said that the trade agreement concluded by Britain and the European Union today, Thursday, is “fair, balanced and sound” and deserves to be fought for.
She added in a press conference: It was a long and tortuous road, but our efforts resulted in a good agreement, which is a fair and balanced agreement, which is the correct and prudent move for both parties.
“The negotiations were very difficult, and at stake for very many people, so it was an agreement that we definitely had to fight for,” she said.
She said: I also believe that this agreement is in the interest of the United Kingdom, and will lay solid foundations for a new beginning with an old friend. Finally, it allows us to put Brexit behind us, and for Europe to continue its course.
German Chancellor Angela Merkel said that the agreement is of historic importance, as we lay the foundation for a new chapter in our relations.
European Central Bank President Christine Lagarde tweeted, expressing her happiness that an agreement on post-Brexit trade arrangements between the European Union and the United Kingdom has been reached and can now move to ratification.
“While I still regret the UK’s decision to leave, the deal is especially important at this moment of uncertainty,” Lagarrad said.
And she ended her tweet: Thank you to the negotiation team for their earnest attempt to reach a deal until the last hour.
On the other hand, Sebastian Fischer, spokesman for Corbier, who is the Committee of Permanent Representatives of the European Union, said that the Council of the European Union will hold a meeting tomorrow at 10:30 in the morning, during which the European Union ambassadors will begin to review the agreement on the Brexit deal they reached.
After reaching an agreement in the Brexit deal, European Union negotiator Michel Bernier tweeted, saying: The clock is no longer ticking, and after 4.5 years of collective effort and the unity of the European Union, for the sake of preserving peace on the island of Ireland, and to protect citizens and the single market, to build a partnership New with UK.
Britain concluded today, Thursday, a trade agreement with the European Union after its exit from it, only seven days before the date of its withdrawal from one of the largest trade blocs in the world, in its most important global transformation since the loss of the empire.
A source in the Cabinet said: The agreement was concluded … We have regained control of our money, our borders, our laws, our trade and fishing waters, and the agreement is wonderful news for families and companies across the United Kingdom. We signed the first free trade agreement concluded with the European Union without any fees or quotas.
He continued: We achieved this great agreement for the United Kingdom as a whole in record time, and under very difficult circumstances. It is an agreement that protects the integrity of our internal market and Northern Ireland’s position in it.
The announcement came after a recent morning telephone conversation between Boris Johnson in Downing Street and European Commission President Ursula von der Leyen in Brussels, the fifth of its kind in 24 hours.
The 2,000-page trade agreement has unprecedented scope, setting out provisions on issues ranging from political nuclear cooperation and energy interconnections to fisheries and aviation.
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