British Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the U.K. left the EU in 2020.

The agreement doesn’t undo Brexit but shows both sides have buried the hatchet after years of painful wrangling.

Britain and the EU will ink a new security and trade deal allowing access to European security databases, defense contracts and the EU food market in return for some youth free-movement and rights to fish British waters.