After almost a year of negotiations, the negotiated partnership agreement on Brexit provisionally entered into force on January 1, 2021. Thus, the no-deal scenario was just averted. The 27 member states gave their approval to the agreement and its provisional application on December 29, 2020. The approval of the European Parliament is still required for final entry into force.
Among other things, the agreement regulates a comprehensive economic partnership. A key core is the free trade agreement adopted, which does not provide for tariffs or quotas. Other key areas are state aid, consumer protection, employee protection and environmental and climate protection. The United Kingdom will also continue to participate in European Union programs.
The agreement also contains provisions on a close security partnership. There will continue to be close cooperation in the fight against crime, particularly in the area of money laundering.
An initial overview in tabular form can be found on the pages of the European Union.
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