British Prime Minister Boris Johnson on Wednesday, December 30, signed a trade cooperation agreement with the European Union after Brexit. This is reported by the British channel Sky News.
As Johnson noted, the agreement is вЂњthe beginning of a wonderful relationship between the UK and our friends and partners in the European Union.вЂќ
Now the document will go to the House of Lords. The UK government hopes that the agreement will pass all the necessary parliamentary stages within one day on Wednesday.
Earlier in the day, EU leaders signed the agreement. On behalf of the European Union, the agreement was signed by Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission.
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.
The agreement will require the approval of the EU countries and the ratification of the European Parliament, as well as the British Parliament. The European Parliament plans to approve the agreement with Britain at a plenary session next March.
The absence of an effective agreement could hit hard on the economy of both Britain and a number of EU countries, as well as provoke difficulties at the border.
In this regard, the Committee of Permanent Representatives of the European Union approved on December 29 the temporary implementation of the trade agreement with the UK for two months from January 1 next year.
The head of the European Commission, Ursula von der Leyen, announced on December 24 that the European Union and the United Kingdom, after months of difficult negotiations, reached an agreement on a future partnership after Brexit, including in the field of bilateral trade without duties and quotas.
She noted that the UK and the EU remain allies, as they share the same interests.
According to Boris Johnson, Brexit did not become a break with the EU, but only resolved issues that had complicated the United Kingdom's relations with other European countries for many decades, and now the United Kingdom will become a "friendly neighbor" for the European Union, always ready to work hand in hand with Brussels, provided that it coincides their interests.