Friday, January 22, 2021
Home World UK lawmakers approve Brexit trade deal

UK lawmakers approve Brexit trade deal


#Britain’s #Prime #Minister #Boris #Johnson speaks during #Prime #Minister’s #Questions session in the #House of #Commons in #London, #Britain #September 4, 2019.

#Jessica #Taylor | ©UK #Parliament | #Reuters

LONDON — U.K. lawmakers voted to approve the historic #Brexit trade agreement, which will be implemented on #New #Year’s #Day.

- Advertisement -

The #House of #Commons, as expected, voted in favor of the agreement, and the country will emerge from its #Brexit transition period with the EU at 11 p.m. local time on #Thursday.

#Members of #Parliament backed the deal by 521 votes to 73 ahead of the #Dec. 31 deadline. #That’s a majority of 448. The bill will now move to the #House of #Lords, which is also expected to support it, before receiving royal assent.

The opposition #Labour #Party backed the deal despite concerns, but there were some rebel lawmakers in #Labour and the ruling #Conservative #Party.

The 1,246-page document, whose details are published on the U.K. government’s website, and the fraught last-minute negotiations left little time for any proper scrutiny ahead of the deadline.

#Scotland’s #First #Minister #Nicola #Sturgeon voiced disapproval of the agreement, and the U.K.’s fishing industry has given it a frosty response, accusing #British #Prime #Minister #Boris #Johnson of securing only a “fraction of what the U.K. has a right to under international law and what the government repeatedly said that it would secure on behalf of the U.K. fishing industry.”

#Some 47 years after joining the #European #Union, #Britain officially left the bloc on #Jan. 31, 2020. #In doing so, it became the first ever nation to leave the EU. #However, it agreed to continue following #European rules until the end of 2020 so it could negotiate friendlier trading conditions with the 27 other nations.

#On #Christmas #Eve, the two sides reached a “zero tariff-zero quota deal” to help smooth the trade of goods across the #English #Channel. #It brought relief to exporters on both sides that would have faced higher tariffs and costs had a deal not been reached.

- Advertisement -

The two sides had been embroiled in intense talks since #March to establish how commerce will work from #January onward. #On #Monday, EU ambassadors approved a provisional application for the deal after working through the #Christmas holidays. The EU #Parliament will vote on the agreement next month.



[ source link ]
https://www.cnbc.com/2020/12/28/uk-lawmakers-approve-brexit-trade-deal.html

#lawmakers #approve ##Brexit #trade #deal

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments