European Union Election Observation Mission
Nepal 2017

EU-UK Trade and Cooperation Agreement: protecting European interests, ensuring fair competition, and continued cooperation in areas of mutual interest

Brussels, 24/12/2020 - 18:54, UNIQUE ID: 201225_1
Press releases

EU News 368/2020

After intensive negotiations, the European Commission has reached today an agreement with the United Kingdom on the terms of its future cooperation with the European Union.


President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the UK, which will protect our European interests, ensure fair competition, and provide much needed predictability for our fishing communities. Finally, we can leave Brexit behind us and look to the future. Europe is now moving on.”


The European Commission's Chief Negotiator, Michel Barnier, said: “We have now come to the end of a very intensive four-year period, particularly over the past nine months, during which we negotiated the UK's orderly withdrawal from the EU and a brand new partnership, which we have finally agreed today. The protection of our interests has been front and centre throughout these negotiations and I am pleased that we have managed to do so. It is now for the European Parliament and the Council to have their say on this agreement.”


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
•    A new partnership for our citizens' security
•    A horizontal agreement on Governance: A framework that stands the test of time

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