January 23
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Trajan Shipley
Trajan Shipley
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


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


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