Eu uk agree on brexit deal
A historic moment!
Yes, on December 24, 2020, the European Union (EU) and the United Kingdom (UK) announced that they had reached a Brexit trade deal, officially known as the EU-UK Trade and Cooperation Agreement (TCA).
The agreement was signed by European Commission President Ursula von der Leyen and UK Prime Minister Boris Johnson on December 30, 2020, and was ratified by the UK Parliament on December 30, 2020, and by the European Parliament on January 28, 2021.
The TCA sets out the terms of the UK's withdrawal from the EU's single market and customs union, which came into effect on January 1, 2021, at 11 pm GMT. The agreement aims to ensure a smooth transition for trade, travel, and other areas of cooperation between the EU and the UK.
Key aspects of the agreement include:
- Trade: The TCA establishes a new trade relationship between the EU and the UK, with tariffs and quotas removed on most goods.
- Services: The agreement allows for the continued provision of services, such as financial services, between the EU and the UK.
- Fisheries: The UK and the EU agreed on a fisheries agreement, which sets out the terms for the UK's access to EU waters and the EU's access to UK waters.
- Security: The TCA includes provisions on security cooperation, including the exchange of intelligence and the fight against terrorism.
- Data: The agreement ensures the free flow of personal data between the EU and the UK.
- Northern Ireland: The TCA includes provisions for Northern Ireland, which will remain part of the EU's single market for goods and will have a special status in relation to the rest of the UK.
The Brexit deal has been widely seen as a significant achievement, marking the end of the UK's 47-year membership in the EU and paving the way for a new era of cooperation and competition between the two sides.