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Agreement reached by the UK and the European Commission contains three key elements: a trade agreement, a security partnership and a framework of governance rules, law a plan published on the website of the European Commission, Mediafax reports.
Free trade agreement, considered “a new economic and social partnership with the United Kingdom“, It covers both trade in goods and services as well as a number of areas of interest to the EU, such as investment, competition, subsidies, tax transparency, air and road transport, energy and sustainability, fisheries, data protection, coordination of security policies .
AThe cordon provides for zero customs duties and zero quotas for all products that comply with the regulations of origin.
„Both parties are committed to ensuring the equality of solid standards by maintaining high levels of protection in areas such as the environment, the fight against climate change, carbon taxes, social and labor rights, fiscal transparency and subsidies, through of the internal application. effective, through a binding dispute resolution mechanism and the possibility for both parties to apply corrective measures ”, underlines the European Commission.
The EU and the UK have agreed on a new common framework for the management of fish stocks. AThe cordon provides for the maintenance of air, road, rail and sea connections, although British access to the common market will be less than that which the Community space can provide. MEIn the field of energy, the agreement provides for a new trade and interconnectivity model, with guarantees of fair and transparent competition.
„In the area of social security, the agreement aims to guarantee a number of rights for British and EU citizens. This applies to EU citizens working, traveling or settling in the UK, as well as UK citizens working, traveling or settling in the EU after 1 January 2021.“says the European Commission.
„The agreement allows for continued UK participation in a number of EU programs in the period 2021-2027 (subject to the UK’s financial contribution to the EU budget), such as the Horizon Europe Program.“, Points THIS.
Editing: Monica Bonea
