European Commission President Ursula von der Leyen and European Council President Charles Michel today, December 30, signed an agreement on trade and cooperation after Brexit, reached last week after lengthy negotiations. The signing ceremony, which took place at the EU Council headquarters in Brussels, was broadcast by the EU channel.
Now the documents will be sent to London, where they are to be signed by British Prime Minister Boris Johnson, TASS specifies.
In total, the parties sign three documents – an agreement on trade and cooperation, an agreement on procedures for the exchange and protection of confidential information and an agreement on cooperation in the peaceful use of atomic energy.
On December 24, representatives from the United Kingdom and the EC reached an agreement on future cooperation after Brexit, including the area of bilateral trade in the absence of duties and quotas.
The agreement requires the approval of the EU countries and the ratification of the European Parliament, as well as the British Parliament. The EP plans to approve the document at the plenary session in March 2021.
The agreement was reached just a week before the end of the transition period after Britain’s withdrawal from the European Union, which took place almost a year ago.