European Parliament and Council of the EU formally ratify the EU-UK trade agreement

BrexOn 27 April, the European Parliament approved the EU-UK Trade and Cooperation Agreement (TCA). The results showed 660 votes in favour, 5 against and 32 abstentions. This was followed by the decision of the Council of the EU to also ratify the TCA.

The EU-UK TCA sets out preferential arrangements following Brexit. The Agreement covers areas such as trade in goods and services, digital trade, intellectual property, fisheries, energy and public procurement. The ratification of the TCA comes as the final milestone of the long-running Brexit saga, which started in 2016. The European Parliament has announced that it will continue to monitor the TCA’s implementation and called for the UK “to act in good faith and fully implement the terms of the agreements”.

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