December 24, 2020

The deal between the U.K. and the EU is the largest bilateral trade pact in history, the two sides said on Thursday. It is also the first modern trade deal to disintegrate a trading partnership, erecting and defining barriers between markets.

The deal, which covers a collective market worth $905 billion as of 2019, has not yet been published in full but a suite of documents released by the EU and the U.K. paints a picture of the agreement.

The agreement covers goods and services trade, but also includes investment chapters, provisions on fish and data protection.

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