The European Union and London have agreed "in principle at the political level" to maintain an "ambitious, broad and balanced" economic partnership after Brexit.
The EU and the British Government have reached a draft agreement on their relations after the Brexit, informs the president of the European Council, Donald Tusk.
The document was discussed Wednesday by the British Prime Minister, Theresa May, and the President of the European Commission, Jean-Claude Juncker. Tusk says the draft must still be approved by the bloc's leaders.
According to the draft of the text, the two parties seek to maintain ambitious and comprehensive relationsafter the departure of the EU bloc. Under the agreement reached, the transition period may last two more years, until the end of 2022.
"The president of the Commission informed me that [the draft] was agreed at the level of negotiators and was agreed in principle at the political level , now it is subject to the support of the leaders," Tusk said in a statement . The text was sent to the other 27 governments of the European Union this Thursday.
The text, obtained by Reuters , reflects that the EU and London "agree to develop an ambitious, broad and balanced economic association". "This partnership will be comprehensive, encompassing a free trade area, as well as broader sectoral cooperation, and will be supported by provisions that guarantee equal conditions."
In addition, post-Brexit ties would respect "the integrity of the Single Market and the EU Customs Union, as well as the UK domestic market, and recognize the development of an independent trade policy by the United Kingdom beyond this partnership. economic ".