Agreement on a draft Brexit Declaration has been finally reached between EU and UK which details the conditions of the post-Brexit terms between the two sides. Prime Minister Theresa May stated that Brexit Deal is right for UK. She said, “The British people want this to be settled, they want a good deal that sets us on course for a brighter future. That deal is within our grasp and I am determined to deliver it”.
Both the sides had agreed to the draft of Brexit deal last week which when ratified will be legally valid and binding. It covers all the terms of Britain’s withdrawal from EU. It also covers the “divorce bill” and the “backstop” agreement. Latter is to make sure that there will be no hard border between Ireland and Northern Ireland if UK and EU do not reach trade deal.
The draft is not binding legally but chalks the framework for the future relations between EU and UK. The EU Summit this weekend can now rubber-stamp the agreements.
Donald Tusk, the President of European Council has confirmed that he has been intimated that the text has been decided and leaders of 27 nations of EU will now screen the same during the EU meet.
The text of the deal which has hit the media appears to have crossed few critical points of contention. A major concern about the people staying on in either territories would be allowed to do so for as long as they want but they may need visas. Additionally, frictionless trade finds no mention. Latter was seen as vital for British economy. Both the sides will henceforth be seen as different trading areas.
Spain has however raised concerns about its role in Gibraltar which is actually a British territory. EU members have also raised concerns about the fishing rights in waters around Britain. Despite the hurdles May remains committed to deliver the deal.