UK-EU Trade and Cooperation Agreement

Posted by Marta Gargallo on 12/28/20 5:00 PM

On December 24, 2020, the European Commission and the Government of United Kingdom reached an agreement on the terms of its future cooperation.

According to a press release issued by the European Commission, the three main  pillars of this agreement are:

  • A free trade agreement with zero tariffs and zero quotas on all goods that comply with the appropriate rules of origin;
  • A new partnership to ensure security for citizens; and,
  • An agreement on governance to ensure how the agreement will be operated and controlled.

“The entry into application of the Trade and Cooperation Agreement is a matter of special urgency”, and per the press release, “the [European] Commission proposes to apply the Agreement on a provisional basis, for a limited period of time until 28 February 2021.” 


EU Press Release:

EU overview of consequences and benefits of the new relationship between EU & UK:

Q & A: EU- UK Trade and Cooperation Agreement

UK Government press release:

Topics: EU, UK, Trade Agreements, Brexit

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