The UK and the European Union have agreed on a deal (a trade agreement after leaving the European Union) on Brexit, which could not be agreed upon for more than a year, they write Georgia news.
The agreement covers trade relations between the EU and the UK after Brexit, as well as fisheries, transport, energy, banking and other areas.
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Let us remember that negotiations on this agreement lasted more than a year. The cornerstone was the area of fishing in UK territorial waters, as well as shipping and penalties for leaving the EU.
In the near future, this agreement will be signed by the ambassadors of Great Britain and the EU, and then the agreement must be approved by the parliaments of both countries. But difficulties may arise in the ratification of this agreement in both parliaments, which will lead to serious economic losses for both parties to the negotiations.
British Prime Minister Boris Johnson and Head of the European Commission Ursula von der Leyen In recent days, there have been almost continuous negotiations on this agreement.
The main result of these agreements is that the UK and the European Union maintain free, duty-free trade.
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