The EU and the UK have reached an agreement on national defense and security, fisheries and youth mobility ahead of the EU-UK summit on May 19, paving the way for UK companies to participate in major EU defense contracts, EU officials told Reuters.
Officials said that representatives of EU governments in Brussels have received the Joint Agreement between the UK and the EU. Currently, this document has been approved by all 27 EU governments.
British Prime Minister Keir Starmer, President of the European Commission Ursula von der Leyen and President of the European Council Antonio Costa held a meeting late on May 19, local time, in London. A press conference was held immediately after this meeting to announce the newly reached trade agreement.
As far as I understand it, all member states seem to be satisfied with what is being said as the summit begins. There is currently a written procedure to gain the full consent of all member states, but that will not cause any problems, an EU diplomat revealed.
Thus, the UK is re-establishing its most important relationship with the European Union since the Brexit, seeking closer cooperation in trade and defence to help develop the economy and enhance security on the continent.
A UK government source told Sky News: "In general, this is a good deal for everyone." The negotiations were "very tense" as UK fishing rights were the main deadlock for negotiators to resolve, but a breakthrough was reached around 10:30 p.m. on May 18.
The news agency pointed out that the EU wants to have long -term access to the UK to catch fish, but he only agrees to approach for 12 years. According to the newly achieved agreement, there will be no changes to the current right of the Kingdom of the United Kingdom's fishing community, there is no reduction in the UK's quota or increasing the number of fish that the EU is allowed to catch. The right to fishing is an important part of the Brexit campaign in the United Kingdom despite fishing only accounts for 0.4% of the country's GDP.
Sky News also said that the negotiations also include content on a travel program for adolescents to allow people aged 18 to 30 in the UK and EU to travel freely between countries for a limited period of time.
British Finance Minister Rachel Reeves said at a meeting of business leaders that it would not be easy to reach a deal but that this would make it easier for British businesses to operate. British EU Affairs Minister Nick Thomas Symonds said it was a "historic day".
" brits return to the world stage, with a government serving workers," he said.
According to the BBC, the United Kingdom and the EU promote a new trade agreement in the context of bilateral relations with a transformation, especially when the EU public government is more powerful in the UK. In addition, the global context changes deeply from the time when the UK leaves the EU. One of the great priorities in the agreement is to create easier conditions for young people to go to the UK to study at prestigious universities of this country. The right to fishing is also put into negotiation, because the Brexit Agreement related to the fisheries industry is expected to expire next year.
