British Prime Minister Boris Johnson signed an agreement with agency Reuters .
Prior to this, the document was supported by British Parliament . 521 legislators voted for him, 73 against. The negotiations lasted more than four years, and the deal concerns an annual trade turnover of more than a trillion dollars.
“Brexit is not the end, but the beginning of something new. Now it is our responsibility to make the best use of the power and the tools that we got our hands on again,” Johnson said. He expressed confidence that cooperation with the European Union will be in common interests.
Earlier it became known that the UK and the European Union reached an agreement on Brexit terms after months of negotiations. One of the main documents in the framework of the general agreement was the trade agreement, which provides for the mutual absence of duties and quotas.
The UK officially left the European Union on 1 February. The parties agreed on a transitional period until the end of the year, during which most of the EU laws continued to operate in the United Kingdom. If London and Brussels did not have time to conclude a new trade agreement by the end of December, the UK would no longer be part of the common European market, which in turn would lead to the introduction of customs borders between the country and the EU.