From fishing to food exports: What's the UK's deal with the EU?

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• 00:00

  This is Andrew Peach with World Business Report.

• 00:02

  A new agreement between Britain and the European Union with claims it'll help exporters make food cheaper and boost economic growth.

• 00:10

  There's positive reaction from some.

• 00:12

  It will allow me to have the sense and guarantee to look at further growth

• 00:16

  because I'll be confident that the supply of very committed young people that want to work in the travel industry will be available to me.

• 00:25

  But rouse about fishing rights.

• 00:27

  We lost 26% of our macro quota in transfer to the UK.

• 00:31

  Ireland paid the highest price as part of Brexit.

• 00:34

  Also on the way, the world of advanced microchips in Phoenix, Arizona.

• 00:39

  This wafer contains about 10 to 14 trillion transistors.

• 00:44

  If you can shrink and get into this wafer, it will be like streets and skyscrapers.

• 00:50

  First,

• 00:51

  Britain and the European Union have signed what the UK government has described as a landmark deal that takes in trade,

• 00:57

  security, fishing and travel arrangements.

• 01:00

  The EU said the deal was a new chapter in relations, an entente cordiale maybe.

• 01:05

  Here's the UK Prime Minister, Sir Keir Starmer, speaking at the first UK-EU summit since Brexit.

• 01:12

  Ladies and gentlemen, Britain is back on the world stage, working with our partners.

• 01:19

  doing deals that will grow our economy and putting more money in the pockets of working people.

• 01:26

  The EU Commission President Ursula von der Leyen said she believed this was the start of a better relationship.

• 01:32

  We're turning a page.

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