After intensive negotiations, the European Commission has reached on December 24, 2020 an agreement with the United Kingdom on the terms of its future cooperation with the European Union. This agreement came into force on January 1, 2021.
The draft Trade and Cooperation Agreement consists of three main pillars:
- A Free Trade Agreement: a new economic and social partnership with the United Kingdom
- Among other things, this enables the UK’s continued participation in a number of flagship EU programmes for the period 2021-2027 (subject to a financial contribution by the UK to the EU budget), such as Horizon Europe.
- A new partnership for our citizens’ security
- A horizontal agreement on Governance: A framework that stands the test of time
The Trade and Cooperation Agreement covers a number of areas that are in the EU’s interest. It goes well beyond traditional free trade agreements and provides a solid basis for preserving our longstanding friendship and cooperation.
Find full information here.