- Aug 1, 2006
UK, EU agree a Brexit trade deal
The trade deal must now be approved by each of the 27 EU member countries, the European Parliament and the U.K. parliament. Given time is so tight, the EU is expected to let the agreement come into force provisionally on January 1, with the European Parliament then giving its approval retroactively early next year.
The Commission said it "proposes to apply the Agreement on a provisional basis, for a limited period of time until 28 February 2021."