City
Epaper

EU leaders sign post-Brexit trade deal with UK

By IANS | Updated: December 30, 2020 14:40 IST

Brussels, Dec 30 Leaders of the European Union (EU) on Wednesday formally signed the post-Brexit trade deal with ...

Open in App

Brussels, Dec 30 Leaders of the European Union (EU) on Wednesday formally signed the post-Brexit trade deal with the UK.

Taking to Twitter, European Commission President Ursula von der Leyen confirmed that she and European Council President Charles Michel "signed the EU-UK Trade and Cooperation Agreement" in Brussels.

"(UK) Prime Minister Boris Johnson will sign it later today in London," she said.

"It has been a long road. It's time now to put Brexit behind us. Our future is made in Europe," von der Leyen added.

After months of negotiations, on December 24 the EU and the UK announced the reaching of an agreement that will govern bilateral trade and security relationship starting from January 1, 2021.

The deal will need the approval of the European Parliament, the UK Parliament and the EU's 27 member states.

The free trade deal is the biggest bilateral trade deal signed by either side, covering trade worth around 668 billion pounds ($905 billion).

The UK is the EU's third largest trading partner in goods, after the US and China.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalPriyanka Gandhi inaugurates water project sanctioned by Rahul Gandhi in Wayanad

NationalCM Fadnavis seeks completion of infra-related work for Simhastha Kumbh Mela with quality and speed

CricketWomen's World Cup: Pak skipper Fatima reveals plan in motion to break India's flawless record

MumbaiMumbai: Crime Branch Raids Gambling Den Chembur, Unearths Crores in Illegal Transactions

InternationalBill Gates’ endorsement means India’s innovations hold great promise for Global South

International Realted Stories

International"India needs to verify, then trust China": Chinese Studies expert Kondapalli

InternationalSevere humanitarian crisis in Balochistan amid Pak Army operations: Rights body

International"We cannot thank PM Modi enough for sharing this gift with Trinidad and Tobago": Prime Minister Kamla Persad-Bissessar

InternationalBangladesh's student-led NCP pushing EC into corner over 'Shapla' election symbol

InternationalEgypt opens tomb of Pharaoh Amenhotep III to visitors after 20-year restoration