After four years of turbulent discussions and 1,400 pages of complex provisions, the EU and the UK (the “Parties”) signed the Trade and Cooperation Agreement (TCA) on 24 December 2020. Now that the much-feared risk of a no-deal Brexit seems to have been avoided, it could be high time to start digging into the details of the TCA and critically assess whether it is an effective and all-encompassing regulation or just a “platform” created in view of future negotiations and developments in the EU/UK (trading) relationships.
Eva Pander Maat
The Trade and Cooperation Agreement (TCA), concluded on Christmas Eve 2020 between the EU and the UK, is a unique trade agreement in that its objective is divergence, instead of convergence. It represents the culmination, but by no means the end of four years of Brexit turmoil. To what extent such turmoil will continue to dominate EU-UK relations will partly depend on the extent to which Parties use the TCA as a floor or a ceiling.
To help comprehend the 1,400 page Agreement, five experts provided their guidance to the TCA in the Webinar ‘The UK & the EU Relationship: What Next?’ on January 27, 2021. This event was the first in a promising cooperation between the Jean Monnet Chair in EU Law, City, University of London and the Senior European Experts Group (SEE). The event was moderated by Sir Alan Dashwood, barrister and Professor Emeritus of European Law at University of Cambridge and Professor Emeritus of Law at City, University of London. This blog post revisits key points raised during the Webinar and summarizes its conclusions. Drawing on the expertise and experience of the experts, the blog post discusses five different aspects of the TCA: respectively, the legal aspects, trade and internal market regulation, agriculture and fisheries, the EU perspective and the political dimension.