Search
    Become a Member
    • Who We Are
      • About
      • Our Story
      • Our Constituents
      • Our Purpose
      • Our Brands
        • ADAMftd
        • International Centre for Trade Transparency
        • The Go Global Awards
        • The Supply Chain Report
        • Formations Advice
        • Quality in Business Certification
        • The Quarterly Business Confidence Report
      • Sustainable Development Goals
      • Board of Directors
      • Executive Leadership
      • Administration Team
    • What We Do
      • Export Support – Business
      • Export Support – Government
      • FDI – Business
      • FDI – Governmental
      • Public Policy
      • Research and Advisory Services to Government
      • Tracking Cross-Border Crimes
    • How We Help
      • Further Education
      • Trade Advisory
      • Business Councils
      • Business Introductions
      • Trade Missions
      • Foreign Direct Investment Assistance
      • Dispute Resolution
      • News Syndication
      • Awards Program
      • CSR Activities
    • Resources
      • Country Guides
      • Customs Agencies
      • Foreign Direct Investment
        • Understanding FDI
        • 2025 FDI Opportunities
        • Bridging Borders: Trade Promotion and Foreign Direct Investment
      • Publications
      • The ISIC Series
      • Webinars
    • News & Events
      • Upcoming Events
      • News
      • 2025 Trump Tariffs
      • Photos
    • Contact Us
      • Exclusive Membership Benefits
      • General Enquiries
      • Media Enquiries
      • Social Media
      • Whistleblowers
    • Who We Are
      • About
      • Our Story
      • Our Constituents
      • Our Purpose
      • Our Brands
        • ADAMftd
        • International Centre for Trade Transparency
        • The Go Global Awards
        • The Supply Chain Report
        • Formations Advice
        • Quality in Business Certification
        • The Quarterly Business Confidence Report
      • Sustainable Development Goals
      • Board of Directors
      • Executive Leadership
      • Administration Team
    • What We Do
      • Export Support – Business
      • Export Support – Government
      • FDI – Business
      • FDI – Governmental
      • Public Policy
      • Research and Advisory Services to Government
      • Tracking Cross-Border Crimes
    • How We Help
      • Further Education
      • Trade Advisory
      • Business Councils
      • Business Introductions
      • Trade Missions
      • Foreign Direct Investment Assistance
      • Dispute Resolution
      • News Syndication
      • Awards Program
      • CSR Activities
    • Resources
      • Country Guides
      • Customs Agencies
      • Foreign Direct Investment
        • Understanding FDI
        • 2025 FDI Opportunities
        • Bridging Borders: Trade Promotion and Foreign Direct Investment
      • Publications
      • The ISIC Series
      • Webinars
    • News & Events
      • Upcoming Events
      • News
      • 2025 Trump Tariffs
      • Photos
    • Contact Us
      • Exclusive Membership Benefits
      • General Enquiries
      • Media Enquiries
      • Social Media
      • Whistleblowers

    EU Ambassadors Approve EU-UK Trade Deal

    December 28, 2020

    Daisy

    Europe, News, Trade Relations, United Kingdom

    Brussels, 28 December 2020 – Ambassadors from the 27 EU member states have given their unanimous approval to the EU-UK post-Brexit trade deal, paving the way for it to come into force on 1 January. The UK Parliament is expected to approve it on 30 December.

     

    Under EU rules, it can take effect provisionally, although the European Parliament will vote on it in January.

     

    The deal sets the framework for trade once the UK leaves the EU single market and customs union in four days’ time. The deal ended nine months of negotiations and will be approved by all 27 EU governments in writing on Tuesday.

     

    Most of the 1,246-page document had already been seen by member states in previous weeks.

     

    The no-deal scenario would have meant reverting to World Trade Organization (WTO) rules on 1 January, notably the immediate imposition of tariffs – import taxes – and quotas on a huge range of goods. The tariffs on some food items would have been 50% or higher.

     

    The new trade deal enables the UK to continue selling goods to the EU market without tariffs or quotas and includes binding enforcement and dispute settlement mechanisms to address any unfair competition – what the EU calls “level playing field” rules. It also ensures continued smooth transport links between the UK and EU, including safeguards on passenger rights.

     

    However, it means new paperwork and other barriers for UK businesses in Europe, including financial services, which employs more than a million people in the UK. It also does little to address the needs of the UK service sector, accounting for about 80% of the UK economy, and reduces UK access to EU programmes in various fields, including policing and education.

     

    The EU-UK Trade and Co-operation Agreement will set the tone for future EU-UK relations, and both parties have committed to a sustainable future with shared priorities such as tackling climate change.

    Share this
    Previous post
    International Trade Council Reacts to US Blacklisting of Companies with Possible Military Ties
    Supply chain management - supply chain management.
    Next post
    Canada’s Bill C-14 (Modern Slavery Act, Introduced June 2020) – Preemptive Corporate Actions (2021)
    Previous post
    Next post
    Logo of the International Trade Council

     

    The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.

    About


    • About Us
    • Our Story
    • Our Purpose
    • Sustainable Development Goals
    • Our Constituents
    • Executive Leadership
    • Administration Team

    Resources


    • Country Guide
    • Customs Agencies
    • Publications
    • Webinars
    • Understanding FDI

    Legal


    • Accessibility
    • Cookies Policy
    • Membership Requirements and Restrictions
    • Membership Terms
    • Non-Lobbying Policy
    • Privacy Policy
    • Blacklist & Sanctions Policy
    • Website Terms and Conditions
    • Glossary of Trade Terms

    © 2025 - International Trade Council. A Peak-Body, International, Chamber of Commerce.

    Manage Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
    View preferences
    {title} {title} {title}

    Important Disclaimer: The International Trade Council is not affiliated in any way with the International Trade Centre. The International Trade Centre is a joint subsidiary organ of the United Nations (acting through UNCTAD) and the World Trade Organization. The International Trade Council is an independent peak-body chamber of commerce acting on behalf of its member businesses and governments. If you are looking for the International Trade Centre, please visit www.intracen.org.