The EU-UK Trade and Cooperation Agreement was jointly agreed by UK negotiators and the EU on 24th December 2020.
Whilst the new relationship between the UK and the European Union (EU) is distinct from the one that existed whilst the UK was an EU Member State, the EU-UK Trade and Cooperation Agreement goes beyond traditional free trade agreements and consists of:
- Free trade agreement
- Close partnership on citizens’ security
- Overarching governance framework
The Agreement does not cover decisions regarding foreign policy, external security and defence cooperation, nor does it cover decisions relating to equivalences for financial services, the adequacy of the UK data protection regime, or the assessment of the UK’s sanitary and phytosanitary regime for the purpose of listing it as a third country allowed to export food products to the EU.
Click on the tabs below to learn more about the changes from 1st January 2021: