The UK and the EU have reached a trade deal on Brexit

The UK and the EU have agreed on the terms of cooperation after Brexit. It is reported by BBC News with reference to the office of British Prime Minister Boris Johnson.

"This deal delivers on everything that was promised to the British public in the 2016 referendum and last year's [parliamentary] elections," Johnson's office said.

The Prime Minister himself tweeted a photo of himself with thumbs up and the caption "Deal closed."

The agreement between the EU and the UK concerns their future relations in trade, transport, fisheries, energy, security cooperation and other areas, the clarifies . BBC Russian Service

It should come into effect on January 1st. If it had not been concluded, from 2021 the UK and the EU would have switched from free trade to trade with duties and quotas, which would have threatened business losses on both sides.

• In 2016, the people of Great Britain voted in a referendum to leave the European Union. London and Brussels began negotiations for a withdrawal, dubbed Brexit, in June 2017.
• The UK left the EU on February 1, 2020, after several Brexit delays. The parties agreed that, until a new trade agreement is concluded, the UK will continue to be subject to EU single trade rules.
• This agreement expired on December 31, 2020.