EU-UK Trade and Cooperation Agreement: A New Partnership
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EU-UK Trade and Cooperation Agreement
A New Economic and Social Partnership
While not replicating the prior level of economic integration, this agreement surpasses traditional free trade agreements, fostering continued friendship and cooperation. It encompasses:
Free Trade Agreement
This establishes a new economic and social partnership, extending beyond goods and services to areas like investment, competition, state aid, and more. It ensures:
- Zero tariffs and quotas on compliant goods.
- A level playing field through high standards in environmental protection, climate change action, labor rights, and tax transparency, with robust enforcement mechanisms.
Fisheries
A framework for joint management of fish stocks allows the UK to develop its fishing industry while safeguarding European communities and resources.
Transport
Continued air, road, rail, and maritime connectivity is ensured, with provisions for fair competition and protection of passenger rights, worker rights, and safety.
Energy
A new model for trade and interconnectivity guarantees open competition and safety standards, including offshore and renewable energy production.
Social Security Coordination
The agreement protects the rights of EU citizens in the UK and UK nationals in the EU post-January 1, 2021, regarding work, travel, and relocation.
Participation in EU Programs
The UK can continue participating in select EU programs (e.g., Horizon Europe) for 2021-2027, subject to financial contributions.