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12/28/2020, 12:32 PM (Source: TeleTrader)
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COREPER provisionally approves EU-UK trade deal

European Union's Committee of Permanent Representatives (COREPER) has "unanimously approved the provisional application of the EU-UK Trade and Cooperation Agreement as of January 1, 2021," spokesperson Sebastian Fischer revealed on Monday.

Fischer also explained that the deadline for the next move, "the final adoption by use of written procedure," is tomorrow at 3 pm local time. The EU ambassadors have been reviewing the 1,246-page document since Friday.

The European Parliament is expected to adopt the deal in "the new year," its President David Sassoli had said previously, while the United Kingdom Parliament will convene on December 30 to approve the long-awaited accord.

Breaking the News / MS