Caymans Post

A world within. A state apart.
Thursday, Mar 28, 2024

What's in the EU-UK Brexit trade deal?

What's in the EU-UK Brexit trade deal?

The Brexit trade agreement is meant to ensure the United Kingdom's smooth departure from one of the world's biggest trading blocs. DW explores its key provisions.
Zero tariffs


The Brexit agreement has secured zero tariffs or quotas on goods traded once the United Kingdom exits the EU single market and customs union. This ensures a seamless trade transition in January 2021, with lower prices of basic goods for consumers. Negotiators have also reached specific facilitation arrangements for key industries such as wine, organics, automotive pharmaceuticals and chemicals.

Visa-free travel, social security benefits


Freedom of movement, including the right to work, study, start a business or live in the EU and UK will end. But the agreement provides visa-free travel for short-term visits up to 90 days. It also ensures that current UK and EU residents of each other's territories are able to retain their rights to work, as well as benefits such as pensions, parental leave and health care, among others.

EU-UK fisheries agreement


The UK will become an independent coastal state and face customs and food safety checks on its EU exports. But the agreement ensures sustainable management of shared fish stocks and quotas in EU and UK waters, in a transition period of 5 1/2 years. During this time, reciprocal access to fish remains unchanged. Afterwards, the two sides will have to reevaluate the situation for a new agreement.

Aviation safety and security cooperation


As UK passenger planes will lose access to a free EU aviation market, the agreement ensures cooperation between both sides on aviation safety, security and air traffic management. It provides aviation cargo with unlimited point-to-point traffic between UK and EU airports, but also to other countries — known as fifth freedom traffic rights.

Some trade in services salvaged


Automatic recognition of professional qualifications for doctors, nurses, pharmacists, engineers and other professionals is set to end between the EU and UK. But the trade agreement ensures fair treatment for service suppliers or investors. It also removes unjustified barriers to digital trade and allows for open procurement markets for UK or EU bidders.

Energy cooperation


The UK will leave the EU's internal energy market, the European Atomic Energy Community and will be out of bloc's Emissions Trading System. But the two sides have agreed to guarantees on energy supply security and offshore energy cooperation in the North Sea. The Brexit agreement also features enforceable commitments toward the Paris climate deal and seeks to link EU and UK carbon pricing regimes.

UK remains in science research programs


In education, research and technology, the UK will abandon programs such as the Erasmus university program and the Galileo satellite system. But through the Brexit agreement, the UK will remain a part of five key programs: Horizon Europe, the EURATOM Research and Training Program, ITER (fusion test facility), Copernicus Earth monitoring system and EU Satellite Surveillance and Tracking system.

Truck transport rights


UK truck operators will lose the right to conduct unlimited cross-trade in the EU, but the Brexit agreement ensures unlimited point-to-point access between the EU and the UK. It ensures full transit rights across each other's territories and grants the right to perform up to two extra operations within them. Working conditions, road safety and fair competition provisions are also included.

Continued cooperation with Europol, Eurojust


The UK will leave agencies such as Europol and Eurojust, and will lose access to the EU's sensitive databases in areas of security and justice. But the Brexit agreement ensures continued cooperation between the UK and these agencies. It also includes mechanisms for quick data exchange of passenger, DNA, fingerprint, vehicle and criminal record information between the UK and the EU.


From zero tariffs to visa-free travel, the Brexit trade agreement ironed out some of the thorniest issues in the divorce between the European Union and the United Kingdom.

Newsletter

Related Articles

Caymans Post
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×