The historic post-Brexit trade deal between the European Union and Britain come into effect on Saturday, as the fifth anniversary of the Brexit vote approaches.

The UK's selective approach and its willingness to take advantage mainly of the large European market - what the term cherry-picking implies in English - could have set a bad precedent, undermining the logic of the European integration process. It was extremely important to apply the principle of achieving the right balance between rights and obligations. I think the last thing both sides wanted was to trade under the rules of the World Trade Organisation, says Ingrid Shikova, professor in EU policies, in an interview to EUROPOST.

European Union’s top officials on Wednesday formally signed the long and tough fought-over post-Brexit trade deal with the United Kingdom. The formal sealing of the document paves the way for normal trade relations between Britain and the European Union, AP reported. British House of Commons also approved Prime Minister Boris Johnson’s post-Brexit trade deal with the European Union on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.

Brexit offers Britain a chance to do things differently in financial services, finance minister Rishi Sunak said on Sunday, but the UK will co-operate with the European Union on an approach to the sector despite little detail on the topic in its trade deal, Reuters reported.

Britain and the European Union have still not clinched a Brexit trade deal as serious issues remain unresolved that prevent PM Boris Johnson signing up, a British minister said on Wednesday, cited by Reuters.