April 21
2021
Trajan Shipley
Trajan Shipley
share
4th January 2021
Competition & State Aid External Relations & Trade

Op-Ed: “The UK is not bound by EU State aid rules: Subsidies in the Trade and Cooperation Agreement between the EU and the UK” by Phedon Nicolaides

Introduction

After the exit of the United Kingdom (UK) from the European Union (EU) on 31 January 2020, EU rules continued to apply to trade between the UK and the EU during a transitional period that came to an end on 31 December 2020. In the closing days of 2020, the two sides succeeded to conclude a 1250-page “Trade and Cooperation Agreement” on the rules and arrangements that would come into force after 1 January 2021. Rather unusually, the new rules apply “provisionally” as of 1 January 2021 [Article FINPROV.11(2) of Part Seven of the Agreement]. The Agreement was signed on Wednesday, 30 December 2020, by the UK Prime Minister, Boris Johnson, and the President of the European Commission, Ursula von der Leyen and published in the

×

Your privacy is important for us

We use cookies to improve the user experience. Please review privacy preferences.

Accept all Settings

Check our privacy policy and cookies policy.

Cookies