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Feed/INI2024/2108(INI)Foreign Affairs

Implementation of EU-UK Trade and Cooperation Agreement

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 9mo ago
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This report assesses the implementation of the EU-UK Trade and Cooperation Agreement (TCA), which governs the relationship between the EU and the UK after Brexit. It covers trade, energy, security, and other areas, aiming to ensure fair competition and sustainable development.

The TCA affects businesses, citizens, and governments in both the EU and the UK. It replaced previous arrangements when the UK was an EU member, impacting trade, travel, and cooperation across various sectors.

Key changes include the establishment of a new framework for trade with zero tariffs and quotas, but also new customs procedures and regulatory requirements. Recent developments include a new Security and Defence Partnership and renewed cooperation on foreign policy.

The agreement includes dispute settlement mechanisms and requires regular reviews. The EU-UK Parliamentary Partnership Assembly facilitates cooperation between lawmakers. Recent summits have focused on deepening this partnership, with commitments to address areas like sanitary and phytosanitary measures and youth mobility.