The European Union has backed the adoption of a trade agreement with the United Kingdom from January 1 next year, the Committee of Permanent Representatives of the EU has decided
“The Permanent Representatives have unanimously approved the provisional application of the Trade and Cooperation Agreement with the United Kingdom from January 1, 2021”, – Sebastian Fischer, the committee’s spokesman, wrote on Twitter.
He said formal approval of the decision is expected tomorrow after receiving written confirmation from all EU states.
Negotiations between London and Brussels on the terms of a trade deal after Brexit have been stalled for months. The main disagreements between the parties caused fisheries regime: Britain wanted to retain sovereignty over some areas of catch, the European countries sought to preserve the right to conduct industrial fishing in these areas for fishermen of several EU countries.
As News Front previously reported, Britain left the European Union on 31 January, and a transition period is currently underway – London and Brussels must agree on the format of future cooperation.
This period is expected to last until the end of this year, after which the United Kingdom will begin to function as a state without a binding relationship with Brussels. The transition period retains all EU rules and regulations for the UK.