London (Brussels Morning Newspaper) – The European Union and Britain struck a preliminary deal concerning defence and security, fisheries, and youth mobility before the EU-UK summit scheduled for Monday. This agreement opens opportunities for British companies to engage in substantial EU defence contracts, Reuters reported.
On Monday in London, European Commission President Ursula von der Leyen and European Council President Antonio Costa will meet with UK Prime Minister Keir Starmer.
In a broad agreement reached before a summit in London on Monday, both flanks have decided to extend favourable fishing rights for EU fleets in UK waters for an additional 12 years until 2038. This marks a significant concession from the UK following extensive lobbying efforts by France. Furthermore, they have committed to pursuing agreements in energy, agrifood regulations, climate action, migration, policing, and the mobility of people.
EU government officials in Belgium have received a Common Understanding agreement between the UK and the EU, which is now being vetted by all 27 EU states, according to a Reuters story citing an EU diplomat.
“There is an agreement … on the different texts and parallel aspects of the EU-UK Summit,”
A diplomat from the EU stated.
As the summit draws to a close, it appears that every member state is satisfied with the proposals made. The official approval of all member nations is now being obtained through a continuing written procedure, but this shouldn’t present any issues, the diplomat said.
What is the “balanced youth experience” initiative about?
UK and the EU have also agreed to work towards a deal that would make it easier for young people to live and work across the continent. The “balanced youth experience” initiative will enable young individuals from Britain and the EU to work, study, volunteer, or travel for a limited duration in one another’s countries, according to sources.
What does the security and defence pact include?
According to Politico, the security and defence pact formalises collaboration between the two parties on issues including hybrid warfare, cybersecurity, the resilience of critical infrastructure, and maritime safety. In terms of defence, the agreement allows the United Kingdom to engage in joint EU procurement initiatives.
In addition to the defence and security pact, both parties have reached a “common understanding” on the areas they wish to enhance their relations over the upcoming months.
