The announcement today (24th December) that a deal for post-Brexit trade has finally been struck between the UK and the European Union, just days before the Brexit transition period comes to an end, has been welcomed by the Publishers Association.
At a press conference confirming the deal this afternoon, prime minister Boris Johnson described the agreement as a comprehensive Canada-style free trade deal worth £166bn a year, allowing UK goods to be sold without tariffs and quotas in the EU market.
There had been fears that the UK was heading for a "no deal" in January if the two sides could not reach agreement.
In an immediate response, PA chief executive Stephen Lotinga (pictured) said: "Publishers have been clear all along that a deal with the EU is our preferred option. We will of course need to see the detail, but we have always felt it was the best way to try to preserve the levels of access we previously enjoyed. Europe is one of UK publishing's most important markets, accounting for a third of our book exports, so maintaining seamless trade is of the utmost importance to the industry, especially as the UK and the world looks to recover from the impact of the coronavirus pandemic. The UK is the world's largest exporter of books and we hope this deal should help ro ensure that we continue to be so."
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