The EU-UK Trade and Cooperation Agreement (TCA)

Alejandro Buesa, Iván Kataryniuk, Pilar L’Hotellerie-Fallois and Susana Moreno

Economic Bulletin, 2021, issue 1/2021, No 08

Abstract: On 20 December 2020 the European Union (EU) and the United Kingdom (UK) signed a Trade and Cooperation Agreement (TCA) setting the terms on which trade relations between both areas will be based. This article describes the essential points of the agreement, in both the trade and financial areas, and the governance framework that will regulate its fulfilment. It further analyses how the TCA will affect both areas’ GDP, and which adjustment measures are being taken to offset potential adverse effects.

Keywords: Brexit; trade agreement; economic cooperation; regulatory equivalence. (search for similar items in EconPapers)
JEL-codes: F15 F53 (search for similar items in EconPapers)
Date: 2021
Note: Analytical Articles
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