The bulk of the negotiations regarding the United Kingdom withdrawal from the European Union were concluded on December 24, 2020. The details are available here: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2531 .At a first glance, this seems to be a reasonable agreement that avoids most of the doomsday scenarios portrayed by many observers. Although there are several details to be worked on, the most important aspect of this agreement, in my opinion, is the creation of a Free Trade Area between the UK and the EU. This FTA should pose little friction on trade flows, unless significant red tape is created. An interesting question is whether this FTA agreement with the EU will facilitate or hamper the other trade agreements that are being negotiated by the UK.