EU nations assess post- Brexit trade deal
BRUSSELS — The fast- track ratification of the post- Brexit trade deal between the U. K. and the European Union got underway on Christmas Day as ambassadors from the bloc’s 27 nations started assessing the accord that takes effect in a week.
At Friday’s exceptional meeting, the ambassadors were briefed about the details of the draft treaty, which is believed to be around 1,250 pages long, by the EU’s chief Brexit negotiator Michel Barnier.
They are set to reconvene again on Monday and have informed lawmakers at the European Parliament that they intend to take a decision on the preliminary application of the deal within days.
While voicing their sadness at the rupture with Britain, EU leaders are relieved that the tortuous aftermath of the Brexit vote had come to a conclusion in Thursday’s agreement about future trade ties.
All member states are expected to back the agreement as is the European Parliament, which can only give its consent retrospectively as it can’t reconvene until 2021. British lawmakers have to give their approval, too, and are being summoned next week.
Both sides claim the agreement protects their cherished goals.
British Prime Minister Boris Johnson said it gives the U. K. control over its money, borders, laws and fishing grounds. The EU says it protects its single market of around 450 million people and contains safeguards to ensure the U. K. does not undercut the bloc’s standards.
Johnson hailed the agreement as a “new beginning” for the U. K. in its relationship with European neighbors. Opposition leaders, even those who are minded to back it because it’s better than a no- deal scenario, said it adds unnecessary costs on businesses and fails to provide a clear framework for the crucial services sector, which accounts for 80% of the British economy.
In a Christmas message, Johnson sought to sell the deal to a weary public after years of Brexit- related wrangling since the U. K. voted narrowly to leave the EU in 2016. Although the U. K. formally left the bloc on Jan. 31, it remains in a transition period tied to EU rules until the end of this year.
Without a trade deal, tariffs would have been imposed on trade between the two sides starting Jan. 1. Both sides would have suffered in that scenario.
“I have a small present for anyone who may be looking for something to read in that sleepy post- Christmas lunch moment, and here it is, tidings, glad tidings of great joy, because this is a deal,” Johnson said in his video message, brandishing a sheaf of papers.
“A deal to give certainty to business, travelers and all investors in our country from Jan. 1. A deal with our friends and partners in the EU,” he said.