After Britain’s withdrawal from the European Union, the so-called Brexit, negotiations defining relations between Britain and the European Union were settled dramatically, leaving one week in the transition period. Worries about no-deal Brexit will disappear, and Brexit will be completed in four and a half years on January 1st next year.
This is reporter No.
Negotiations, including a free trade agreement, were concluded nine months after the UK and the EU began negotiating future relations.
This is a dramatic agreement that came a week before the end of the so-called’Brexit transition period’ until the end of the year.
The beginning of the new year was avoided by the chaotic British withdrawal from the EU, a’no-deal Brexit’, a major economic turmoil.
In the coming year, the UK and 27 EU member states will continue to be guaranteed to trade in goods without tariffs or quotas.
[폰 데어 라이엔/EU 집행위원장 : ‘길고도 굽은 길’이었지만 우리는 좋은 거래를 했습니다. 공정하고 균형 잡힌 거래며 양측 모두에게 옳고 책임 있는 일입니다.]
Both sides have made little concessions in the fishing industry, which has been an issue.
In the UK waters rich in fishery resources, the EU’s catch quota has been reduced by 25% over five and a half years.
British Prime Minister Johnson said the future is an independent trading country that will take advantage of the fantastic opportunity to sign trade agreements with partners around the world.
[보리스 존슨/영국 총리 : 우리는 우리가 선택한 방식으로 우리 국토와 환경을 가꿀 수 있게 됐고, 1973년 이래 처음으로 우리의 수역을 완전히 통제하는 독립 국가가 될 것입니다.]
After ratification by the parliaments of both sides, the agreement will take effect next year.
As of last year, the amount of trade between the UK and the EU amounted to 680 billion pounds and about 13 trillion won in Korean money.
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