Position Paper: Does the EU-UK Trade and Cooperation Agreement Need an Upgrade?

26 May 2021

On 27 April 2021, the European Parliament approved the EU-UK Trade and Cooperation Agreement, which means that the agreement entered into full force on the 1st of May 2021. The United Kingdom is no longer a member of the Single Market and the EU customs union and it is no longer bound by EU international policies and agreements.

CECIMO has clearly advocated a comprehensive trade agreement between the EU and the UK that guarantees the absence of tariffs and the harmonization of the classification of goods, especially for manufactured goods. Although the outcome of the trade deal is not the one CECIMO has worked for over the last years, the current basic trade cooperation agreement prevented a very costly withdrawal of the UK from the EU, with huge impact on trade between these trade partners.