What we know
The European Union and Britain on Thursday agreed a post-Brexit trade deal after almost ten months of tortuous negotiations to govern ties when the UK exits the single market. Here is what we know so far about the 2,000-page accord -- still yet to be published -- that covers areas from fishing to future competition after December 31.
Tariffs: The deal means there will be no tariffs or quotas on goods produced in the UK and EU moving between the two sides. London has hailed the lack of tariffs as a major positive of the deal -- but it simply helps maintain part of the benefits Britain already enjoyed as a member of the bloc.
Fishing: The two sides reached a hard fought compromise that will see EU boats gradually relinquish 25 percent of their current quotas during a five-and-a-half year transition period. After that there will be annual negotiations on the amount of fish EU vessels can take from British waters -- and if Brussels isn't happy it can impose economic measures against the UK.
Level playing field: The UK had fought hard to avoid having a system put in place that could see Brussels able to force it to follow its rules on such issues as environmental or labour regulations and state aid. But the UK government admitted the deal allowed for either side to impose "countermeasures if they believe they are being damaged" subject to arbitration.
Customs: Britain will leave the EU's customs union along with the single market at the end of the year, meaning that businesses face new red tape for imports and exports across the Channel.
Security: London said the deal will see the two continue to share DNA, fingerprint and passenger details and see them cooperate through the EU's Europol. Brussels says "security cooperation can be suspended in case of violations by the UK of its commitment for continued adherence to the European Convention of Human Rights".
'Big changes': Citizens of the UK and EU will no longer enjoy free movement to live and work between the two. "The free movement of persons, goods, services and capital between the UK and the EU will end," Brussels said.
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