LONDON – Britain on Saturday published the text of its trade agreement with the European Union (EU), just a week before the end of the Brexit transition period.
Both sides reached the agreement on Thursday in the middle of the coronavirus pandemic. The development marks the departure of the UK from world’s one of the major trading bloc after 40 years of its membership with unprecedented tariff-free access to the single market of 450 million consumers.
The UK will formally depart from the EU in January, the BBA reported.
The 1,246-page document carries details about both sides relationship on nuclear energy law enforcement and dispute settlement, as well as a series of joint declarations.
The United Kingdom has agreed a Free Trade Agreement with the European Union.
— UK Prime Minister (@10DowningStreet) December 24, 2020
See what this deal means for you ⬇️ pic.twitter.com/x4DetmQqcO
“These Agreements are designed to honour the instruction of the British people – expressed in the referendum of 2016 and the general election last year – to take back control of our laws, borders, money, trade and fisheries. It changes the basis of our relationship with our European neighbours from EU law to free trade and friendly cooperation,” said the UK PM office.
EU-UK Trade and Cooperation Agreement 24.12.2020 by Mehar Mahmood Idrees on Scribd
PM Boris Johnson in a foreword to the summary wrote: "While we made our fair share of compromises during the negotiations, we never wavered from the goal of restoring national sovereignty — the central purpose of leaving the EU."
"I have always said that Brexit was not an end but a beginning: the start of a new era," he said.
After the deal, the UK will have control of its laws, borders, trade and fisheries.
Pakistani rupee remains stable against US dollar in the open market on 29 March, 2024.
In the open market, the US dollar was being quoted at 278.3 for buying and 281.05 for selling.
Euro moves down to 299.75 for buying and 302.75 for selling while British Pound hovers around 353.75 for buying, and 357.25 for selling.
UAE Dirham AED remains stable at 75.55 whereas the Saudi Riyal saw minor increase, with new rates at 73.70.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 278.3 | 281.05 |
Euro | EUR | 299.75 | 302.75 |
UK Pound Sterling | GBP | 353.75 | 357.25 |
U.A.E Dirham | AED | 75.55 | 76.3 |
Saudi Riyal | SAR | 73.70 | 74.4 |
Australian Dollar | AUD | 182.9 | 184.7 |
Bahrain Dinar | BHD | 739.61 | 747.61 |
Canadian Dollar | CAD | 204.25 | 206.46 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.30 | 40.7 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 901.14 | 910.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 168.56 | 170.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 724.36 | 732.36 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206.25 | 208.25 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
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