Brussels, 27 April 2021
On the 27th of April, the European Parliament Plenary ratified the EU-UK Trade and Cooperation Agreement (UK TCA) that sets out the future relationship between the EU and the UK. The agreement has been provisionally applied since the start of the year to avoid disruptions between the EU and UK, and the approved deal will be fully effective on the 1st May.
The UK TCA sets out preferential arrangements in areas such as trade in goods and in services, digital trade, intellectual property, public procurement, aviation and road transport, energy, fisheries, social security coordination, law enforcement and judicial cooperation in criminal matters, thematic cooperation and participation in Union programs. It is underpinned by provisions ensuring a level playing field and respect for fundamental rights.
While it will by no means matches the level of economic integration that existed while the UK was an EU Member State, the Trade and Cooperation Agreement goes beyond traditional free trade agreements and provides a solid basis for preserving the EU-UK longstanding friendship and cooperation.