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Britain and the European Union reach a post-Brexit trade agreement

Britain and the European Union reach a post-Brexit trade agreement

According to reports by the British Guardian, Sky News and other reports on the 24th, a post-Brexit trade agreement has been reached.

This is an important milestone in the Brexit process. Britain and Europe originally hoped to announce the trade agreement on the 23rd, but EU member states still have doubts about the text of the agreement.

Negotiations continued all night, and it is reported that the discussion focus is still on fishing rights.

The UK officially “Brexit” on January 31 this year and entered an 11-month transition period, ending on December 31.

During the transition period, the UK ceased to be a member of the EU, but remained in the EU Single Market and Customs Union, and, like other member states, abide by all EU rules.

If no trade agreement is reached before the end of the transition period, the two sides will trade under WTO rules, which will cause huge economic losses to both sides.

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