Now MPs will hold a showdown vote on Saturday to decide whether to approve it.
What has been agreed today? The deal is based on a new Brexit plan Boris Johnson sent the EU two weeks ago to replace Theresa May's 585-page Withdrawal Agreement, Mirror.co.uk reports. That means if the UK strikes a trade deal, say with the US, US goods can be imported into Northern Ireland just as they are onto the British mainland.
No EU tariffs would be paid on personal goods carried by travellers across the Irish border - or on exempted goods for immediate consumption. These would include the hauls from some fishing boats. There will be no customs checks on the island of Ireland - they will be done in ports. Politicians in Northern Ireland will get a veto on this system - but it's controversial. Read more below...
If Stormont backs EU rules by 60% or more - with a 'double lock' of 40% of unionists and 40% of nationalists - it will continue for eight years before another vote.This sets up a massive showdown with the DUP, because it means EU rules could rule over Northern Ireland despite one side - e.g. unionists - opposing them.
In the long term, both sides would aim for an "ambitious free-trade agreement" after Brexit with no tariffs and unlimited quotas. It comes together with a statement that sides will uphold high standards on environment, climate, workers' rights and other rules.EU courts No10 sources were keen to insist that "Britain is out of the European court."
But Britain's membership of those schemes will be "subject to conditions" set by the EU and subject to "fair and appropriate financial contribution" - meaning Britain will stay pay into certain EU programmes. But British fisherman who have long argued that the EU is strangling their industry will find the Political Declaration light on detail - with the document saying that Britain and the EU will establish a "new agreement on...access to waters and quote shares".
But promises that any arrangement will "prevent distortions of trade and unfair competitive advantages" will come as bad news to Tories who believe Britain's economic success after Brexit comes from aggressively cutting regulation to undercut the EU and attract global business.
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