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Dec 29, 2020
LONDON (AP) First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty.
Four days after sealing a free trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and “bumpy moments” when the new rules take effect on Thursday night.
Firms are scrambling to digest the details and implications of the 1,240-page deal sealed by the EU and the U.K. on Christmas Eve, just a week before the year-end deadline.
Ambassadors from the 27 EU nations, meanwhile, gave their unanimous approval to the deal on Monday.
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A colleague wears a Christmas hat as European Union chief negotiator Michel Barnier, center, carries a binder of the Brexit trade deal during a special meeting of Coreper, at the European Council building in Brussels, Friday, Dec. 25, 2020. European Union ambassadors convened on Christmas Day to start an assessment of the massive free-trade deal the EU struck with Britain. After the deal was announced on Thursday, EU nations already showed support for the outcome and it was expected that they would unanimously back the agreement, a prerequisite for its legal approval. (Olivier Hoslet, Pool via AP)
LONDON – First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty.
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LONDON (AP) European Union nations have unanimously approve the post-Brexit trade deal with the United Kingdom, a prerequisite for the agreement to come into operation on New Year’s Day.
Germany, which holds the EU presidency, said the decision came during a meeting of EU ambassadors to assess the Christmas Eve agreement.
“Green light,” said Germany’s spokesman Sebastian Fischer. “Ambassadors have unanimously approved the provisional application of the EU-UK Trade and Cooperation Agreement as of January 1, 2021.”
The approval had been expected ever since the deal was announced and all EU leaders warmly welcomed it. It still needs approval from the EU’s legislature, which is expected to come in February. The U.K’s House of Commons is expected to approve it on Wednesday.