The post-Brexit trade bill has received royal assent from the Queen of the United Kingdom, Elizabeth II, officially turning the bill into British law.
Speaker of the House of Commons, Lindsay Hoyle, said on Thursday.
The legislation officially called the ‘European Union (Future Relationship) Act 2020,’ sets out the trade rules between Britain and the bloc, that is the European Union and Euratom.
The British parliament had on Wednesday voted in support of the deal.
In response to the approval from the House of Lords, UK’s Prime Minister, Boris Johnson, said, “The destiny of this great country now resides firmly in our hands.
“We take on this duty with a sense of purpose and with the interests of the British public at the heart of everything we do.
“11 pm on December 31 marks a new beginning in our country’s history and a new relationship with the EU as their biggest ally. This moment is finally upon us and now is the time to seize it.”
The approval comes after the EU and Britain signed the post-Brexit deal on Wednesday.
European Commission President, Ursula von der Leyen and European Council Chief, Charles Michel, put their ink on the agreement on Wednesday as well as Johnson.
“It has been a long road. It’s time now to put Brexit behind us. Our future is made in Europe,” von der Leyen said on Twitter after the signing ceremony.
In a similar vein, Michel hailed the signing of the agreement as the beginning of different trade relations with London.
“New chapter, new relationship,” Michel said.
Johnson took a more humorous tone and told reporters, “I know the question you’ll all be asking yourselves is, ‘Have I read it?’ The answer is yes, and it’s an excellent deal for this country but also for our friends and partners.”
Also, the 27 EU ambassadors had on Tuesday given their go-ahead for the provisional application.