Full Brexit trade deal 'goes beyond Canada-style accord'

The post-Brexit trade deal agreed by the UK and the European Union goes beyond the bloc’s so-called “Canada-style” trade accord, the BBC has reported, citing a full copy of the agreement.

The 1,246-page document, which includes about 800 pages of annexes and footnotes, includes a late compromise on electric cars, the corporation said.

The EU had sought to offer tariff-free access only to those British vehicles that are made mostly with European parts. This measure will now be phased in over six years but is less generous than the UK requested.

The BBC also reported there is a commitment not to lower standards on the environment, workers’ rights and climate change with mechanisms to enforce it.

However there is also a mutual right to “rebalance” the agreement if there are “significant divergences” in future that are capable of “impacting trade”.

The dispensations go beyond standard free-trade agreements such as those between the EU and Canada or Japan, reflecting the UK’s history in the single market which was established in 1993.

Johnson had described the agreement, which was reached on Christmas Eve, as a “jumbo” free trade deal along the lines of that between the EU and Canada and urged Britain to move on from the divisions caused by the 2016 Brexit referendum.

The BBC reported that restrictions compensation for unfair subsidies to companies “do not apply” in situations such as natural disasters which will exempt the EU’s large current pandemic support package for aviation, aerospace, climate change and electric cars.

Parliament will debate and vote on the deal on Wednesday, a day before the transition period lapses.

Downing Street has thus far published only a short summary of the agreement that sets out the shape of the future relationship between the EU and Brussels.


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