Boris Johnson Gets Final Brexit Trade Deal

'Dotun Akintomide
Writer

Ad

FEDA invests $75m in Spiro to accelerate Africa’s electric mobility transition

By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…

EFCC Declares Ex-Gov. Timipre Sylva Wanted Over Alleged $14.8M Fraud

By Abiola Olawale ​The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. ​This declaration was made public via…

Ex-French president Sarkozy freed from jail after 20 days

By Obinna Uballa Former French President Nicolas Sarkozy has been released from prison pending the outcome of his appeal against a conviction for allegedly receiving illegal campaign funding from Libya. A court in Paris ordered his release on Monday after prosecutors supported his application, ending a 20-day jail stint he described as a “nightmare.” Sarkozy,…

Ad

Agency Report– British lawmakers overwhelmingly approved Prime Minister Boris Johnson’s post-Brexit trade deal with the European Union on Wednesday.

Both sides now looked to begin a new chapter of relations just days before their divorce becomes a reality tomorrow.

Britain and the European Union signed the deal on Wednesday and the British parliament will finalise its implementation, ending over four years of negotiation and safeguarding nearly a $1 trillion of annual trade.

Both sides said it was a chance to begin a new chapter in a relationship forged as Europe rebuilt after World War Two, but which has often seen Britain as a reluctant participant in ever-tighter political and economic integration.

Johnson, in a specially convened sitting of parliament, said he hoped to work “hand in glove” with the EU when its interests aligned, using Britain’s new-found sovereignty to reshape the British economy.

“Brexit is not an end but a beginning,” Johnson said.

“The responsibility now rests with all of us to make the best use of the powers that we regain, the tools that we’ve taken back into our hands.”

Parliament’s lower house voted 521 to 73 in favour of the deal.
The upper house of parliament now debates the bill and it should become law around midnight.

The deal has been criticised on several fronts since it was agreed on Dec. 24.

The opposition Labour Party say it is too thin and doesn’t protect trade in services, fishermen rage that Johnson has sold out their interests, and Northern Ireland’s status remains subject to much uncertainty.

Nevertheless, Johnson has won the support of his party’s hardline Brexiteers – delivering a break with the EU far more radical than many imagined when Britain shocked the world in 2016 by voting to leave.

Long-time eurosceptic lawmaker Bill Cash said Johnson had saved Britain’s democracy from four decades of “subjugation” to Brussels: “Like Alexander the Great, Boris has cut the Gordian knot.”

Johnson said he hoped to end the “old, tired, vexed question of Britain’s political relations with Europe” and instead become “the best friend and ally the EU could have”.

Earlier, against a backdrop of EU flags, top EU officials signed the treaties struck on Dec. 24 to preserve Britain’s tariff- and quota-free access to the bloc’s 450 million consumers.

“It is of the utmost importance for the European Union and the United Kingdom to look forward, in view of opening a new chapter in their relations,” the EU said in a statement.

Ad

X whatsapp