There was a lot of big fanfare - then lunch on the Thames - to mark a “reset” of relations between the UK and the EU and claiming that “huge” potential growth has fueled growth.

The deal does represent a major breakthrough in the UK's most important trading relationships that deepen the relationship and paves the way for more gains while still allowing scope to pursue other trade agreements.

But in the end, the agreement reached so far will only remove a small percentage of the trade barriers established after Brexit.

People who produce and sell food between the UK and the EU are celebrating the decline in traditional Chinese tape festivals and checks.

The protocols on plant and animal health, sanitation and phytosanitary standards (SP) were farther than what was planned a few months ago. By agreeing to comply with EU rules, the government faces allegations of selling sovereignty. But it will smooth over 1500 products across the border.

For more than four years, those selling agricultural products from the UK to the EU have had to comply with additional certifications and inspections designed to prevent the spread of the disease and ensure food safety.

In the form of frequent complaints extending to dozens of pages, the Food and Beverage Federation claims that exports of such items to the EU have dropped by a third since 2019.

Small companies are particularly likely to conclude that this is not worth the effort. As costs increase, the types of products to be exported decrease. Also gradually, the procedures for items entering the UK have gradually increased

By canceling some paperwork and inspections, the government claims that the energy-centric agreement will be worth £8.9 billion by 2040.

These forecasts are always uncertain, but roughly equivalent to 0.3% of GDP - useful but not "huge" growth. This will only make up for the government's own independent forecaster estimates, which will only take back a small portion due to Brexit.

Some studies have shown that food imported from the EU has been more expensive in recent years.

Although the retailer is the one that welcomes the deal, there is no guarantee that any savings will be obtained, although the deal may limit the extent of future price increases - depending on the supplier's savings.

The key concession made by the UK is to extend the fishery agreement for 12 years. The industry accounts for only 0.04% of GDP, but it will obviously put some fishing communities in violation, which will be a big disappointment. However, in just a few years, fish exports to the EU have dropped by 29% - the SPS protocol is likely to help reverse that loss.

What has been agreed in detail so far may not provide a "huge" growth for the growth the government wants, but there is more leadership.

Youth mobility programs can bring huge benefits, depending on the details of being hammered, as does mutual recognition of professional qualifications.

But even these economists believe that most of the damage to growth caused by Brexit is unlikely to be repaired.

The official forecaster's independent budget responsibility office believes that the results of Brexit GDP will be 4% lower than before. This is equivalent to spending £10 billion a year on the economy.

Analysts believe that completely making up for this will involve the UK's re-entering of the single market and customs alliance and allowing freedom of movement - all of which the government reiterated today are "red lines" that it is not ready to cross.

But the victory that the government can claim remains very important. In a short time, it signed trade agreements with India and the United States and reached improved deals with the EU.

In particular, President Trump's trade hostility may have increased the latter's momentum.

Knowing that this may not be too dependent on traditional allies in the Atlantic may not have driven the EU and Britain to each other’s weapons, but it may have added new focus to breaking obstacles that were previously thought to be insurmountable.

Furthermore, the UK has achieved things that many commentators believe were not able to achieve in the early days of Brexit, ensuring a deal with the United States (although limited) without lowering the food standards, thus managing to be consistent with EU rules.

This deal may not be a huge growth gamechanger. However, this paves the way for a path to building a more common ground with the EU, while allowing the UK to strengthen services with the US, especially financial services and technology – the importance of doing business with the UK is becoming increasingly important.

And the strategic focus of building our economic strength should not be sniffed, especially when geopolitical uncertainty