UK strikes EU trade and defense reset in 'new era' for relations

Five years after the United Kingdom departed from the European Union a new agreement has been reached between the two parties.

The deal announced on Monday includes defense cooperation and youth mobility.

At a summit in London on May 19, UK Prime Minister Keir Starmer and European Commission President Ursula von der Leyen unveiled a comprehensive agreement to improve post-Brexit relations.

It includes a new defense and security partnership, granting the UK access to a 200 billion U.S. dollar EU defense fund, and facilitating joint military procurement and support for Ukraine's defense.

The agreement also extends mutual fishing access for 12 years, allowing EU vessels to continue operating in UK waters.

A youth mobility scheme will facilitate temporary work and study exchanges between the UK and EU member states. British travelers will also benefit from faster airport procedures through EU e-gates.

Prime Minister Starmer lauded the agreement as a "win-win," while EU Commissioner Ursula von der Leyen described the progress as "historic."