“There is no need for a free trade agreement to recognize EU rules on competition policies, subsidies, social protection, the environment, or the like,” Johnson quoted TASS as saying.

As specified, Johnson intends to note in his speech that "the UK will maintain the highest standards in these areas - in many respects better than EU standards - without necessarily including them in the treaty."

On January 31, Great Britain officially left the European Union.

The country is facing a transition period during which the parties will conduct trade negotiations.