The U.K. and the European Union are on the verge of unveiling a historic post-Brexit trade accord as negotiators work through the night to put the finishing touches to a compromise on fishing rights.
The agreement, which will formally complete Britain’s separation from the bloc 4 1/2 years after the 2016 referendum, will comprise a deal for tariff and quota-free trade in goods and cooperation in areas from security to aviation.
While the outline of a deal was agreed on Wednesday, an announcement is now expected Thursday morning as chief negotiators in the European Commission’s headquarters in Brussels haggle over the exact wording of the final treaty.
People familiar with the situation said they didn’t expect it to derail the accord. Prime Minister Boris Johnson is planning a press conference on Christmas Eve after he’s touched base with Commission President Ursula von der Leyen.
The U.K. cabinet held a conference call on the state of the negotiations late on Wednesday while European governments were briefed by officials from Brussels. The final document would still need to be approved by Johnson and EU governments, as well as parliaments on both sides.
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