The EU-UK Trade and Cooperation Agreement (TCA) has now entered into force, as of 1 May 2021. This follows the completion of the European Union’s processes for ratification of the treaty, namely the approval of the European Parliament (on 27 April) and the European Council’s decision on the conclusion of the TCA (on 29 April). Before the TCA’s entry into force, the EU and UK had been provisionally applying the TCA since 1 January 2021. The entry into force of the TCA brings greater certainty for the parties and those reliant on the provisions of the TCA, in part on account of the lengthy notice period required for any termination of the TCA (see our analysis of 2 March 2021 on the provisional application of the TCA).
The TCA as published in English in the Official Journal of the European Union is available here.
Lexis®PSL’s coverage of the development features comments from Laura Rees-Evans. The article is available here.