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EU, UK reach tentative agreement ahead of summit: officials

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The EU flag flies outside the British parliament in London, Britain, April 30. EPA-Yonhap

The EU flag flies outside the British parliament in London, Britain, April 30. EPA-Yonhap

European Union and British negotiators reached a tentative agreement on defense and security, fisheries and youth mobility ahead of a EU-U.K. summit on Monday, paving the way for British firms to participate in large EU defense contracts, EU officials said.

Representatives of EU governments in Brussels received a text of a Common Understanding between Britain and the EU and the document is now being approved by all 27 EU governments, the officials said.