U.K.-E.U. agree draft text on post-Brexit relationship

Nov 22, 2018, 7:09 AM EST
The joint document, however, remains a far cry from British Prime Minister Theresa May's Chequers plan.
(Source: EU2017EE Estonian Presidency/flickr)

The European Union and the U.K. have “agreed in principle” a draft political declaration on post-Brexit relationship over matters of trade, security and other issues, setting the stage for the approval of a Brexit deal this weekend.

The joint document, however, remains a far cry from British Prime Minister’s Chequers plan, admitting that there will be inevitable trade barriers and lacks any mention of a common rulebook, notes The Guardian.

The declaration states that the E.U. and the U.K. will be separate markets and Britain’s access to European markets will be governed by the principle of “open and fair competition.”

Once the draft declaration is approved by an E.U. summit on Sunday, the prime minister will have to muster support in the U.K. Parliament, where the majority is believed to take a dim view of the withdrawal agreement, reports the BBC.

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