The post-Brexit trade bill has received the royal assent from Queen Elizabeth II, Commons Speaker Lindsay Hoyle said in the early hours of Thursday, meaning it is now officially law in Britain, dpa reported.
The post-Brexit trade deal reached by the United Kingdom and the European Union goes beyond the EU’s so-called “Canada-style” trade accord, Reuters reported, citing BBC that obtained on Friday what it said was a full copy of the accord.
UK has called the European Union to retreat from current positions in order to finalize the Brexit related trade deal, Reuters reported. The two parties has remained on their positions related to few argumentative issues with deadline for the talks critically approaching, UK health minister Matt Hancock repeated Britain’s calls for the European Union to shift its position on Sunday and withdraw its “unreasonable demands” for the two sides to be able to seal a post-Brexit trade deal.
Britain and the EU have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the EU Commission said on Wednesday. “I cannot tell you whether there will be a deal or not. But I can tell you that there is a path to an agreement now. The path may be very narrow but it is there,” Commission President Ursula von der Leyen told the European Parliament.
Britain, Norway and Iceland have signed a trade continuity agreement as an interim before the countries complete negotiations over a comprehensive free trade agreement due to come into force in 2021, said the UK in a statement.
The British government told businesses on Tuesday to make sure they are ready for big changes when the UK makes its final Brexit break from the European Union in exactly a month. But with negotiations on a free-trade deal with the bloc stuck, firms say they still don’t know key details of what those changes will be.
Britain and Japan formally signed a trade agreement on Friday in Tokyo, marking the UK’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading partners in the EU, Reuters reported.
Brussels and London start a conclusive week of talks on Monday on a new trade deal and implementing their divorce agreement before national leaders assess progress or the danger of a no-deal split on Thursday and Friday.