Uk Europe Agreement
The UK-EU Agreement: What You Need to Know
The United Kingdom officially left the European Union on January 31, 2020, and after a year of negotiations, the two sides reached a historic agreement on December 24, 2020. The UK-EU Agreement outlines the terms of the new relationship between the UK and EU.
Here are some key points that you should know about the UK-EU Agreement:
The UK and the EU have agreed to a free trade agreement, which means that there will be no tariffs or quotas on goods traded between the two sides. This will help to reduce costs for businesses and consumers.
However, there will be new customs checks and procedures, which could cause delays and disruptions to trade. The UK-EU Agreement also includes provisions to ensure fair competition between the two sides, including measures to prevent subsidies that could harm businesses in the other.
The UK-EU Agreement also covers services, which make up the majority of the UK economy. However, the agreement has only limited provisions on services, and there will be new barriers to trade in some areas, such as financial services.
The UK and the EU have agreed to allow visa-free travel for short stays, but there will be new rules for UK citizens travelling to the EU and vice versa. UK citizens will no longer be able to use the fast-track lanes at EU airports, and there will be new documentation requirements for travel.
The UK and the EU have also agreed on a new security partnership, which includes information sharing and cooperation on issues such as terrorism and organized crime.
Fishing was one of the most contentious issues in the negotiations, and the UK-EU Agreement includes provisions to give UK fishermen greater control over their waters. However, EU fishermen will still be able to access UK waters, and there will be a transitional period to allow for adjustment.
Overall, the UK-EU Agreement represents a significant change in the relationship between the UK and the EU, with both sides making compromises in order to reach a deal. However, there are still likely to be challenges and disagreements as the new relationship is implemented.