Thread by @AlbertoNardelli

Draft Brexit agreement states that transition period can be extended once for up to one or two years. Joint decision to be taken before 1 July 2020.

Juncker has informed Tusk that a draft political declaration setting out the framework for the future relationship between the EU and the UK has been agreed at negotiators’ level, and in principle at a political level, subject to the endorsement of the EU27 leaders

The draft political declaration is 26 pages long.

A quick search, but the document doesn't seem to contain any references to "frictionless trade", which the UK was pushing for.

"the indivisibility of the four freedoms":

The parties aim to build and improve on the single customs territory provided for in the Withdrawal Agreement

Financial services: No firm commitment to expand on existing EU equivalence beyond an assessment in future

On fish, which was one of the most controversial issues in the final days of talks, the UK has resisted a definitive commitment, but the two "parties will use their best endeavours to conclude and ratify their new fisheries agreement by 1 July 2020"

Important paragraph on security: the two parties will try to approximate as much as possible data exchange mechanisms within the context of UK's legal status (a non-EU, non-Schengen country, without free movement):

Also positive for world, commitments to continued cooperation in international fora such as the G7 and G20 on common interests like fighting protectionism, consultation on sanctions as well as on foreign policy and defence

Interesting pars on structure:

- overall deal could take the form of an association agreement
- specific individual areas could sit outside overall framework
- positions could evolve if things change (eg UK red lines)

Dispute settlement: the ECJ is obviously, and unsurprisingly, the sole arbiter of EU law.

There don't seem to be mentions of Gibraltar in the draft, and this seems to be it on Galileo: