EU-UK Trade Deal

Regional News • Europe
Post-Brexit trade deal agreed upon by UK and EU
Post-Brexit trade deal agreed upon by UK and EU
Credit: unsplash.com / Étienne Godiard

Both sides have confirmed a trade deal on Thursday afternoon. "The deal is there," the British government announced. EU Commission chief Ursula von der Leyen and negotiator Michel Barnier announced a joint press conference. The agreement appears to have averted a harsh economic rift at the turn of the year.

The trade agreement is to regulate economic relations between the island and the continent from January 2021. The most important point is to avoid tariffs and ensure the smoothest possible trade. However, the agreement also covers fishing as well as cooperation on energy, transport, justice, police and many other issues.

Regional News • Europe • European Union
European Parliament sets deadline for Brexit deal until Sunday
European Parliament sets deadline for Brexit deal until Sunday
Credit: Courtesy of Twitter / Manfred Weber

The European Parliament has given the negotiations on a possible trade pact with Great Britain until Sunday. With just two weeks to go before the end of the Brexit transition period on 31 December, the European Union is still negotiating a follow-up deal with Britain that would avoid tariffs and serious trade barriers. However, according to British government sources, the negotiating parties are still very far apart on key issues.

The European Parliament has given the negotiations on a possible trade pact with Great Britain until Sunday. If a finished text is available by midnight, it is prepared to schedule a special session for ratification, according to a decision by the parliament's leadership.

Regional News • Europe
No-deal Brexit now a 'strong possibility' according to Boris Johnson
No-deal Brexit now a 'strong possibility' according to Boris Johnson
Credit: 10 Downing Street / via Wikimedia Commons (Open Government Licence v3.0)

The British Prime Minister Johnson no longer considers a deal likely - but wants to continue negotiating.

British Prime Minister Boris Johnson is dampening expectations for a trade deal between the United Kingdom and the European Union. "There is now a high probability that we will get a solution similar to Australia's relationship with the EU, rather than one similar to the Canada-Europe relationship," Johnson said.

Australia and the European Union currently trade based on the rules of the World Trade Organization (WTO) which would equate a no-deal brexit.

Regional News • Europe • European Union
European Union announces legal action against Great Britain
European Union announces legal action against Great Britain
Credit: © European Union 2019 – Source: EP / Wikimedia Commons (Creative Commons Attribution 4.0)

The European Union is taking legal action against Great Britain for violation of the withdrawal agreement. Commission President Ursula von der Leyen has announced that the EU Commission has sent a letter to the British government over the new British Market Act passed by the House of Commons which is intended to override parts of the already valid withdrawal agreement with the EU.

Regional News • Europe • United Kingdom
The UK admits bill to change Brexit agreement would "break international law"
European Flag at Downing Street
European Flag at Downing Street Credit: Frederick Tubiermont

The United Kingdom minister for Northern Ireland, Brandon Lewis, announced to the Parliament Tuesday that the government would be willing to "break international law in a very specific and limited way" by ignoring terms of the Brexit agreement with the European Union.

Ursula von der Leyen, President of the European Union Commission, said tweeted: "Very concerned about announcements from the British government on its intentions to breach the Withdrawal Agreement. This would break international law and undermines trust. Pacta sunt servanda = the foundation of prosperous future relations."

US House of Representatives Speaker Nancy Pelosi stated: "If the U.K. violates that international treaty and Brexit undermines the Good Friday accord, there will be absolutely no chance of a U.S.-U.K. trade agreement passing the Congress."