U.K. and EU set to announce last-minute trade deal

Published Dec 24, 2020

Tridge summary

The U.K. and the European Union are set to announce a trade deal, expected to be tariff-free for fresh produce exports and imports, just a week before the Brexit transition period ends. The deal, which is approximately 2000 pages long, is being finalized and is expected to allow for tariff-free trade, relieving concerns of disruption to U.K. fruit and vegetable supplies and preventing price increases for consumers. The deal will need to be formally approved in both London and Brussels within the next week, or tariffs may be imposed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The U.K. and the European Union are poised to announce a trade deal that will allow for tariff-free fresh produce exports and imports to continue, just one week before the Brexit transition period comes to an end. British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen are expected to hold a phone call this afternoon after both sides finish hashing out the fine detail of the deal, which is thought to be around 2000 pages long. “Certainly the momentum and the expectation is that we will get a Christmas Eve Brexit deal and I can tell you that will be an enormous relief,” Irish Foreign Minister Simon Coveney told RTE radio. Haggling over just how much fish such as sole, sand eels and herring EU boats should be able to catch in British waters was delaying the announcement of one of the most important trade deals in recent European history. The U.K. left the European Union - by far its main trading partner and biggest fresh produce supplier - on Jan. ...

Source: Fresh Fruit Portal