UK lawmakers approved the new post-Brexit trade deal yesterday. While the UK formally left the EU in January of this year, it remained under its trading rules until today. UK and EU officials announced the new trade agreement last week, following months of intense negotiations and avoiding a “no-deal” exit scenario ahead of the year-end deadline.
More context: The new trade deal covers a wide range of topics including tariff and quota-free trade, travel regulations, and professional qualifications. Here’s a summary of the key points.