Ratification of the trade agreement between Europe and Britain

According to Reuters, German Foreign Minister Haiku Moss tweeted: “I am glad that all 27 members of the European Union have ratified this agreement.” We mobilized our forces and managed to prevent the beginning of a chaotic year.

The document on British-EU cooperation in the post-election period was approved last Thursday after nearly 10 months of grueling and breathtaking negotiations.

The full text of the document, which includes 1,246 pages of agreements between the two sides on nuclear energy cooperation, classified information exchange and a set of declarations, was published last Saturday and must now be approved by the British and EU parliaments.

On Monday, the ambassadors of the 27 member states of the European Union unanimously approved it, paving the way for its temporary implementation from the New Year (January 12). Members of the British Parliament are also scheduled to vote on the agreement tomorrow (Wednesday).

The agreement reached means that from 11 pm on December 31, when Britain leaves the customs union and the single market of the European Union; Exports and imports between the two sides continue without customs tariffs.

The agreement also stipulates that any investment and trade cooperation between the two sides requires equal market conditions and British and European forces; The difference is that Britain will no longer be required to comply with EU law.

Regarding financial services, the two sides agreed to create a favorable environment for the development of trade and investment cooperation.

The UK will no longer be bound by EU law and the rulings of the European Court of Justice, and in the event of a dispute, the European Court of Justice will not be the authority to resolve the dispute.

The two sides will allow each other’s citizens to use social security and medical services, and air transport will continue more or less as before. The UK will comply with EU rules and standards on its products and the two sides will recognize each other’s professional qualifications.

The UK has considered the EU as a bloc for temporary visas, but this will not include future members of the bloc. The British government has the right to decide in the future whether European citizens need a visa to visit temporarily.