Breaking News

British lawmakers pass post-Brexit trade deal with EU, voting 521 to 73

UK Prime Minister Boris Johnson has signed legislation approved by British lawmakers on Wednesday implementing the post-Brexit trade deal agreed with the European Union last week.

The vote on the legislation to enact the post-Brexit trade agreement was passed by 521 to 73 votes in parliament’s lower house. It now passes to the upper house for approval later on Wednesday, before becoming law around midnight.

Britain and the European Union were signing the deal on Wednesday and the British parliament will finalise its implementation, ending over four years of negotiation and safeguarding nearly a $1 trillion of annual trade.

Both sides said it was a chance to begin a new chapter in a relationship forged as Europe rebuilt after World War Two, but which has often seen Britain as a reluctant participant in ever-tighter political and economic integration.

Johnson, in a specially convened sitting of parliament, said he hoped to work “hand in glove” with the EU when its interests aligned, using Britain’s new-found sovereignty to reshape the British economy.

“Brexit is not an end but a beginning,” Johnson said.

“The responsibility now rests with all of us to make the best use of the powers that we regain, the tools that we’ve taken back into our hands.”

The deal has been criticised on several fronts since it was agreed on Dec. 24. The opposition Labour Party says it is too thin and doesn’t protect trade in services, fishermen rage that Johnson has sold out their interests, and Northern Ireland’s status remains subject to much uncertainty.

READ  FBI found Beirut port blast caused by 500 tonnes of fertiliser: PM

Nevertheless, Johnson has won the support of his party’s hardline Brexiteers – delivering a break with the EU far more radical than many imagined when Britain shocked the world in 2016 by voting to leave.

Long-time eurosceptic lawmaker Bill Cash said Johnson had saved Britain’s democracy from four decades of “subjugation” to Brussels: “Like Alexander the Great, Boris has cut the Gordian knot.”

Johnson said he hoped to end the “old, tired, vexed question of Britain’s political relations with Europe” and instead become “the best friend and ally the EU could have”.

New chapter

Earlier, against a backdrop of EU flags, top EU officials signed the treaties struck on Dec. 24 to preserve Britain’s tariff- and quota-free access to the bloc’s 450 million consumers.

“It is of the utmost importance for the European Union and the United Kingdom to look forward, in view of opening a new chapter in their relations,” the EU said in a statement.

A British Royal Air Force plane delivered the documents, which bear the EU’s golden stars on a blue leather folder, to Johnson, who was due to sign it at around 1500 GMT.

The aircraft then takes a signed copy back to Brussels. Britain formally left the EU nearly a year ago and the new partnership agreement will regulate ties from Jan. 1 on everything from trade to transport, energy links and fishing.

After both sides have signed, the deal will be in place until the end of February, pending final approval by the European Parliament to make it permanent.

(REUTERS)

(Visited 10 times, 1 visits today)

More from my site

READ  “IGP Adamu Not On Facebook”, Says Police, Warns Against Impostors
Share this Post[?]
        
Translate »