EU lawmakers approve Brexit trade treaty

European Union leaders, their British counterparts and European businesses have expressed hope that the final ratification of the post-Brexit trade deal will open a new, positive era of cooperation despite the many divisive topics remaining between the former partners.

European lawmakers overwhelmingly ratified the agreement ensuring that free trade continues between the two sides without tariffs and quotas.

UK Prime Minister Boris Johnson said the vote marked the "final step in a long journey, providing stability to our new relationship with the EU as vital trading partners, close allies and sovereign equals".

European Commission president Ursula von der Leyen said the accord's "faithful implementation is essential" while EU Council chief Charles Michel welcomed the beginning of a "new era".

Relations between the EU and the UK have been strained since a Brexit transition period ended on January 1. The two sides have argued so far this year over issues ranging from violations of the so-called Northern Ireland protocol, COVID-19 vaccine supplies to the full diplomatic recognition of the EU in Britain.

EU lawmakers approved the final ratification of the deal between the EU and the UK nearly five years after Britain decided to leave the bloc. The deal, which was finalised on Christmas Eve, had already been ratified by the UK Parliament and conditionally came into force pending the European Parliament's approval, which marks the final legal hurdle.

Lawmakers at the European Parliament endorsed the free trade agreement by 660 votes in favour, five against, and 32 abstentions. The vote took place Tuesday but results were not announced until Wednesday morning.

The UK had joined the the bloc in 1973.

In a debate ahead of the vote, many legislators rued Britain's departure but insisted ratifying the text was the best option to avoid economic disruptions and ensure the EU's single market integrity.

While the long-term effects of Brexit on trade remain to be seen, BusinessEurope, a lobby group representing enterprises in the EU said the ratification brings "clarity and legal certainty".

"The U.K. is the third biggest trading partner of the EU, which makes this deal one of the most important trade agreements the EU has ever finalized," said BusinessEurope president Pierre Gattaz.

"The positive vote of the European Parliament removes a major element of uncertainty, while companies on both sides are still adjusting to the new reality of trading while struggling with COVID-19 challenges."

Amid ongoing tensions between London and Brussels over Northern Ireland trade rules, the EU Parliament also said that the agreement will provide extra legal tools to "prevent and protect against unilateral divergence from the obligations to which both parties signed up".

Earlier this year, the European Union accused Britain of breaching international law after the UK government unilaterally extended until October a grace period for not conducting checks on goods moving between Northern Ireland and the rest of the UK. The move led the EU to start legal action against its former member nation.

Northern Ireland is part of the UK but remained part of the EU's single market for goods after Brexit to avoid customs checks at the territory's border with EU member Ireland. An open Irish border helped underpin the peace process that ended decades of sectarian violence in Northern Ireland.

But tensions and violence have escalated in recent weeks, with unionists saying the arrangement the British government and the EU worked out has amounted to the creation of a border between the territory and the rest of the UK.

Austrlaian Associated PressBack to Breaking News

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