December 23rd local time, the Financial Times reported that the British and EU negotiators worked all night for a post-Brexit trade agreement last night, which will determine the future trade relationship between the two and reduce the chaos in the UK’s formal Brexit on January 1, 2021.
Officials from Britain and Europe finalized the legal text that night, which will retain the tariff-free trade in goods between the United Kingdom and the European Union and protect cooperation in other areas such as security.
British Prime Minister Johnson is expected to announce the agreement early on Christmas Eve, thus ending nine months of intense negotiations between the two sides.
People familiar with the matter said that representatives of Britain and Europe are still communicating in depth on the details of the EU’s fishing rights in British waters, but the basic problems have been solved.
The Financial Times said that this week, European Commission President von der Leyen and Johnson personally intervened in the negotiations to make a final move to reach an agreement before the United Kingdom leaves the European Union Single Market at the end of this month, paving the way for the two sides to reach an agreement, and fishing is the last major issue of the agreement.