Hard-won post-Brexit trade deal averts lose-lose situation
Following nine months of protracted tortuous negotiations, Britain and the European Union (EU) on Dec. 24 finally secured a free trade deal, which will govern the EU-UK trade and security relationship starting from Jan. 1, 2021.
The agreement will inject certainty into future cooperation between Britain and the EU so as to avoid a lose-lose scenario brought about by a no-deal Brexit.
Brexit has brought about changes in Europe's landscape, and will exert a profound impact on the world politics and economy. Also, how Britain-EU relations in the post-Brexit era are going to evolve will capture special international attention. Enditem
Photo taken on Jan. 31, 2020 shows an image of the text "UK VOTES OUT" on a giant screen as pro-Brexit supporters celebrating Brexit at a gathering at Parliament Square in London, Britain. (Photo by Stephen Chung/Xinhua)
