May is due to travel to Brussels on Saturday for further Brexit meetings, including with Commission President Jean-Claude Juncker, a day before a summit of the EU's 27 other leaders at which both the political declaration on post-Brexit relations as well as the divorce agreement, which alone has legal status, are expected to be formally signed off.
After the talks, Manufacturing NI chief executive Stephen Kelly said: "The united front from the business community and the agricultural community in Northern Ireland is that "no deal" is not an option".
Agreement on the text was announced by European Council president Donald Tusk, who said in a tweet: "I have just sent to EU27 a draft Political Declaration on the Future Relationship between EU and UK".
Also, the deal could still be rejected by the British parliament.
An anti-Brexit demonstrator protests outside British Parliament.
That brings us to stage three which is where we negotiate our future trade relationship with the EU.
Owen Reidy, assistant general secretary at the Irish Congress of Trade Unions, was among those considering the draft withdrawal agreement (ICTU/PA).
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The new text calls for an "ambitious, broad, deep and flexible partnership" covering trade, law enforcement, foreign policy, security and defence.
Determined not to allow any redrafting of either of the two texts and risk derailing the fragile process, European Union states have instead proposed to address Spain's concerns in a separate statement by the 27 leaders on Sunday that would not be part of negotiations with Britain. Specific proposals are also included over the border between Northern Ireland and Ireland to ensure a future so-called backstop arrangement is not needed by either Britain or the EU. But the Protestant, pro-U.K. party opposes the Brexit deal's plans for keeping the border between Northern Ireland and European Union member Ireland open after Brexit, saying it weakens the ties binding the U.K.by creating separate trade rules for Northern Ireland.
But Northern Ireland's Democratic Unionist Party - whose 10 lawmakers prop up May's minority government - has begun abstaining on votes in the House of Commons as a sign of their displeasure at the deal.
The Political Declaration on the future framework will sit alongside the Withdrawal Agreement that settles the terms of the UK's departure on from the European Union - but the declaration will not be legally binding.
Before leaving for Brussels, she will face opponents of the agreement Wednesday during the prime minister's weekly question-and-answer session in the House of Commons.
"My Government will always defend the interests of Spain".
"Gibraltar has demonstrated that we actually want a direct engagement with Spain on issues".
He added: "Do we believe that they will change their mind?"