After nearly five years, Braxy finally comes true.

After nearly five years, Braxy finally comes true.

Four and a half years after the British referendum on membership in the European Union, Brex finally became reality when Great Britain abandoned the common market in the first seconds of 2021. Never before, EU member states had received such initiative to exit the EU bloc. Negotiations lasted [...]

Never before, EU member states had received such initiative to exit the EU bloc.

The negotiations lasted for years, until finally, in the last <x0 minus”, a trade deal worth $900 billion was reached on Christmas Eve. The deal was signed just days before Britain emerged from one of the largest trade blocks in the world, marking the most important global turn since the fall of the British Empire.

The agreement stipulates that Britain will maintain access to the EU market with 450 million free consumers and quotas, but that it will not pass without economic consequences, economic experts have warned, the BBC follows. Freedom of movement in terms of residence and work is not included in the agreement, and short-term travel in general will not be required either side: EU Britain.

The goods will be controlled much more at British and EU borders. As for the service sector, which represents more than 80% of the British economy, the parties have pledged to create a favourable climate for the development of trade and investment”.

Britain will not participate in security organisations and databases such as Europol, Eurojust and SIS-II. However, DNA data, fingerprints and vehicle registration data will continue to exchange between the sides.

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