On 25 December, the UK and the European Union (EU) finally reached an agreement in post-Brexit trade negotiations after months of negotiations to keep Britain out of the bloc by agreement.
The post-Brexit agreement will ensure that the UK and 27 European bloc countries are able to establish trade relations without tariffs and quotas. The agreement reached has helped protect against losses of $ 894 billion in annual trade between the two parties.
UK Prime Minister Boris Johnson sees the agreement reached as a good deal for the whole of Europe. Of course it has given relief to exporters on both sides who have faced higher tariffs and incurred costs following unattainable agreements.
Today, Johnson appeared to comment on increasing market excitement by saying that the agreement between the European Union (EU) is not an end but a new beginning.
Most recently, the UK is awaiting formal ratification of the agreement and is working together to address key issues such as climate change.
The market is now waiting for the UK and EU Parliaments to approve the deal.
