The European Union and the United Kingdom have finally settled on a deal that works for the duo. The deal which has been a major bone of contention for the two regions has now been tentatively finalized.
After four years of voting to leave the EU, the European CommissionPresident Ursula von der Leyen described the process as ‘sweet sorrow, Read her statement in part below
At the end of a successful negotiation journey, I normally feel joy. But today I only feel quiet satisfaction and frankly speaking, relief,” von der Leyen told the media.
“It was a long and winding road but we have got a good deal to show for it. It is fair, it is a balanced deal, and it is the right and responsible thing to do for both sides.”
The deal came just seven days before Britain exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire.
The deal will preserve Britain’s zero-tariff and zero-quota access to the bloc’s single market of 450 million consumers, but will not prevent economic pain and disruption for the United Kingdom or for EU member states.
Many aspects of Britain’s future relationship with the EU remain to be hammered out, possibly over years.
