The EU and the UK published on Saturday the full text of their 1,246-page post-Brexit deal set to provisionally enter into force on January 1.
The agreement is the "result of many months of intensive and dedicated work, " said EU Chief Negotiator Michel Barnier as he released the text.
His British counterpart David Frost also tweeted about the publication.
EU Ambassadors briefing
EU member states are expected to approve the provisional application of the post-Brexit deal with the UK "in the coming days" after the bloc's Brexit negotiator briefed ambassadors at a special Christmas Day meeting, a bloc official said on Friday.
EU German Presidency spokesman Sebastian Fischer said following the meeting that member states are to "take a decision on the provisional application of the European Union-United Kingdom agreement in the coming days".
The post-Brexit deal was struck on Thursday — just a week before the transition period ends.
The European Parliament has said it is unable to properly examine the deal and therefore approve it until the new year which means unless member states approve its provisional application, trade tariffs will come into force from January 1.
In its statement on Thursday, the Commission had proposed to apply the trade agreement with the UK "on a provisional basis, for a limited period of time until 28 February 2021."
Experts in each of the 27 countries will now start pouring over the 1,246 pages of deal.
It needs to be unanimously backed by every member state in order for it to come into force.
The ambassadors are expected to meet again on Monday.
'An important milestone'
European leaders welcomed the deal, describing it either as a moment of "historical importance", an "important milestone", or a "major step forward".
But most have also reiterated warnings that despite the deal, changes to the current relationship will come into force on January 1.
German Chancellor Angela Markel said she was "pleased" that an agreement had been reached, adding: "This is of historical importance."
She explained in a statement that the German government would examine the text but had been kept up to date by the Commission.
"We will therefore be able to judge quickly whether Germany can support today's negotiation result. I am very confident that we have a good result here," Merkel said.
France's leader, Emmanuel Macron, argued that "European unity and firmness have paid off."
"The agreement with the UK is essential to protect our citizens, our fishermen, our producers. We will make sure it does. Europe is moving forward and can look to the future, united, sovereign and strong," he wrote on Twitter.
European Council President Charles Michel branded the deal "a major step forward".
"#EU27 unity has been and will remain key," he added on Twitter.
'The least bad version of Brexit possible'
Preserving peace in Ireland and ensuring that no physical border between the British province in the north and the EU member state in the south is erected has been one of the thorniest issues for negotiators.
Irish Taoiseach Micheal Martin said in a statement that "the agreement reached today is the least bad version of Brexit possible, given current circumstances."
"I know that not everyone is happy with the Protocol, but I believe it is a good outcome for the people of Northern Ireland," he went on, because it enables smooth trade between the island's two entities and "avoids a return of a hard border"
'A sigh of relief'
The deal will now need to be approved by the EU and UK parliaments as well as policymakers in all 27 member states.
European Parliament President David Sassoli said in a statement that he welcomed the deal but flagged that "the last-minute nature of the agreement does not allow for proper parliamentary scrutiny by the European Parliament before the end of the year."
"The Parliament is now ready to react responsibly in order to minimise disruption to citizens and business and prevent the chaos and negative consequences of a no-deal scenario. The Parliament will continue its work in the responsible committees and the full plenary before deciding whether to give consent in the new year," he added.
The Commission said in a statement that the introduction of the trade agreement is "a matter of special urgency" and proposed applying the trade deal on a "provisional basis, for a limited period of time until 28 February 2021."
This, it said, would enable MEPs to exercise their "right of democratic scrutiny, in accordance with the Treaties."
In the UK, Prime Minister Boris Johnson said he hoped to bring the deal in front of lawmakers on December 30.
Other political formations in the UK were less enthused.
Scotland's First Minister Nicola Sturgeon reiterated that the UK's departure from the EU "is happening against Scotland's will".
"There is no deal that will ever make up for what Brexit takes away from us. It's time to chart our own future as an independent, European nation," she added, once more, raising the threat of another independence bid.
She also deplored the UK withdrawal from the Erasmus student exchange programme as "cultural vandalism".
Anneliese Dodds, from the main opposition Labour party, said before the announcement that a deal would lead to many businesses "breathing a sigh of relief"
"Yet early indications suggest this thin deal will have a major negative impact on GDP.
"With key industries subject to substantial barriers, these are not the promised ‘exact same benefits’," she added.
Meanwhile, the hashtag #WeDidntVoteForThis was trending on Twitter on Friday, reigniting old divides between Remainers and Brexiters.
Meanwhile, the EU is said to have approved exports of meat and dairy products from the UK, something the National Farmers Union (NFU) hailed in a statement.
"Receiving third country listing status from the EU for our animal products is absolutely critical and will allow an export trade worth more than £3 billion to continue at the end of the transition period," said NFU President Minette Batters.
"This means the UK has met all of the necessary animal health and biosecurity standards the EU requires for this trade and is a step forward in the government’s preparations for the end of the transition period.
“While this listing is good news, we must bear in mind that there will be significant friction for our exports to the EU from the January 1 and it’s crucial the government minimises this disruption as much as possible in the time remaining," she added.