Sogree Technology CO.,LTD. Company Logo Sogree Technology CO.,LTD.

News & Notices

No. Subject Date View
33

UK And EU Strike New Brexit Deal In Last-ditch Talks

2019.10.18 14


www.sogree.net
www.sogree.com
yalu@sogree.com
yalu@sogree.net

Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster.

Sterling rose on news after the U.K. made concessions over the Irish border, an issue that had proven to be the biggest obstacle to a deal. The pound was 0.8% higher against the dollar, at $1.2929, reaching a five-month high but soon trimmed those gains as opposition parties in the U.K voiced their concerns.

We have a great new Brexit deal, U.K. Prime Minister Boris Johnson tweeted. He called on British lawmakers to back the deal when its put before Parliament on Saturday.


European Commission President Jean-Claude Juncker called the deal fair and balanced.


The Withdrawal Agreement was also approved by EU leaders at their summit on Thursday, but it still needs to pass U.K. lawmakers at the weekend. The EU Parliament will also have to ratify the deal at an as yet unspecified date.

Speaking after the deal was announced, Michel Barnier, the EUs chief Brexit negotiator, said the deal was the result of intense work from both negotiating teams. We have delivered together, he said.


Giving further details on the deal, Barnier said that Northern Ireland will remain part of the U.K.s customs territory and would be the entry point into the EUs single market. He said there would be no regulatory or customs checks at the border between the Republic of Ireland and Northern Ireland (a part of the U.K.). That removed what had been a key issue for both sides. He added that Northern Ireland would remain aligned to some EU rules, notably related to goods.

The deal also covers the protection of citizens rights and a transition period that will last until the end of 2020. Barnier also said the EU and U.K. would work toward an ambitious free trade deal with zero tariffs and quotas.

List

Send an Inquiry to this supplier

Send an Inquiry to this supplier
* From
  To Yalu
Sogree Technology CO.,LTD.
* Subject
* Message

Use English only Max. 2000 characters. (Min. 20)

Send
EC21.com does not guarantee the validity of product information or the credentials of sellers.