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The EU-UK Trade and Cooperation Agreement (TCA)

Author

Listed:
  • Alejandro Buesa
  • Iván Kataryniuk
  • Pilar L’Hotellerie-Fallois
  • Susana Moreno

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.

Suggested Citation

  • Alejandro Buesa & Iván Kataryniuk & Pilar L’Hotellerie-Fallois & Susana Moreno, 2021. "The EU-UK Trade and Cooperation Agreement (TCA)," Economic Bulletin, Banco de España, issue 1/2021.
    • Handle: RePEc:bde:journl:y:2021:i:06:d:aa:n:08
    Note: Analytical Articles
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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/ArticulosAnaliticos/21/T1/descargar/Files/be2101-art08e.pdf
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    References listed on IDEAS

    as
    1. Alejandro Buesa & Coral García & Iván Kataryniuk & César Martín-Machuca & Susana Moreno & Moritz Roth, 2020. "Brexit: situation and economic consequences," Economic Bulletin, Banco de España, issue 4/2020.
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    More about this item

    Keywords

    Brexit; trade agreement; economic cooperation; regulatory equivalence.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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