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Relief at UK, EU trade deal, but challenges remain


CHINA DAILY/XINHUA |
Updated: 2020-12-26 07:50
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European Union flags flutter outside the European Commission headquarters, where Brexit talks are taking place, in Brussels, Belgium, Dec 24, 2020. [Photo/Agencies]
After rounds of painful and intense negotiations, the United Kingdom and the European Union finally secured a post-Brexit trade deal on Thursday, paving the way for avoiding the possible nightmare of a chaotic economic break on Jan 1.
According to a statement released by Downing Street, the agreement is the biggest bilateral trade deal signed by either side, covering trade worth 660 billion British pounds ($890 billion) a year.
European leaders were quick to herald the 11th-hour accord that heads off the threat of Britain crashing out of the EU after 47 years of shared history with no post-Brexit rules. ....

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