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EU–UK Trade and Cooperation Agreement

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This article is about a planned free trade agreement between the European Union and the United Kingdom. For current status of negotiations towards such an agreement, see Trade negotiation between the UK and the EU.
United Kingdom - European Union Free Trade Agreement
The United Kingdom in orange; the European Union (27 member states) in blue.
TypeTrade Agreement
ContextUK Future Relationship with the EU
Negotiators
Parties
  • United Kingdom 🇬🇧
  • European Union 🇪🇺

The UK - EU Free Trade Agreement (UK - EU FTA) is a planned agreement between the United Kingdom of Great Britain and Northern Ireland and the European Union that is due to be signed before when the transitional period ends.[1][2]

History

Brexit

The UK - EU Free Trade Agreement negotiations are a result of the United Kingdom’s exit from the European Union or Brexit.[3]

This agreement is to follow on from (but is not conditional to) the Brexit Withdrawal Agreement, which was signed at the conclusion of Brexit negotiations.[4]

Negotiation rounds

Main article: Trade negotiation between the UK and the EU § Chronology

The UK EU Trade Negotiations began on 31 March 2020 and are due to be concluded by the end of October 2020,[5] after which the draft treaty must be ratified by both parties and officially enter into force from 1 January 2021.

As of July 2020 there have been five rounds of trade negotiations. The March round was held in person at Brussels, the second round was cancelled due to the outbreak of the Coronavirus.[6] Subsequent rounds were held using video conferencing.[7]

Draft legal and treaty proposals

On 20 March 2020 the European Union released a full Draft CFTA Legal text outlining details of the UK - EU Comprehensive Free Trade Agreement they would like to see.[8] (for the document, see #External links below)

On 19 May 2020 the United Kingdom released a full Draft CFTA Legal text outlining details of the UK - EU Comprehensive Free Trade Agreement they would like to see.[9] (for the document, see #External links below)

Areas to be covered by the agreement

There are many areas to be covered in the UK free Trade Agreement and these include:[10][11]

Many of the factors are contentious: for details see the article about the negotiation process.

Economy & Trade

- Trade in Goods

- Trade in Services & Investment

- Financial Services

- Digital Trade

- Capital Market

- Level Playing Field

- Intellectual Property

- Public Procurement

Environment

Security Partnership

- Police intellingence

- Law Enforcement & Judicial Matters

- Foreign Policy, Security & Defence

- Thematic Co - Operation

Fisheries

Cross-border transport

- Aviation

- Trains

- Buses

- Cars

- Cross Border Transport of Goods

Civil Nuclear

External links

See also

Sources

  1. ^ Singham, Shanker (February 4, 2020). "The Greenwich Reset: A future UK - EU Free Trade Agreement". Institute of Economic Affairs.{{cite web}}: CS1 maint: url-status (link)
  2. ^ McAllister, David (March 27, 2020). "Negotiating a new EU - UK partnership in challenging times". Euractiv.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Gourtsoyannis, Paris (March 5, 2020). "Brexit: First round of trade talks with EU confirms 'serious' differences". The Scotsman.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Statesman, New (February 3, 2020). "Brexit isn't done: a guide to the EU-UK trade negotiations". New Statesman.{{cite web}}: CS1 maint: url-status (link)
  5. ^ Gordon Rayner and James Frayne (23 July 2020). "UK sets October deadline for post-Brexit trade deal as Michel Barnier warns agreement 'unlikely'". The Telegraph. Retrieved 23 July 2020.
  6. ^ Payne, Sebastian; Brunsden, Jim (12 March 2020). "Face-to-face Brexit talks cancelled over coronavirus fears". Financial Times.{{cite news}}: CS1 maint: url-status (link)
  7. ^ Press, Associated (April 15, 2020). "UK, EU hold Brexit trade talks by video amid virus outbreak". WFXL Fox31.{{cite news}}: CS1 maint: url-status (link)
  8. ^ Didili, Zoi (March 20, 2020). "EU-UK exchange draft legal texts on future relationship". New Europe.{{cite web}}: CS1 maint: url-status (link)
  9. ^ Child, David (May 19, 2020). "UK publishes draft EU free trade agreement in bid to break Brexit negotiations deadlock". Evening Standard.{{cite web}}: CS1 maint: url-status (link)
  10. ^ Mielken, Arne (February 4, 2020). "Towards a Free Trade Agreement – the EU's initial negotiating stance". Institute for Export and International Trade.{{cite web}}: CS1 maint: url-status (link)
  11. ^ Arne, Mielken (February 4, 2020). "Towards a Free Trade Agreement, the UK 's initial negotiating stance". Institute of Exports & International Trade. A two-part analysis of the EU and UK negotiating mandates from our Vice President.{{cite web}}: CS1 maint: url-status (link)
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