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On 24 December, the President of the European Commission and the Prime Minister of the United Kingdom announced that they had agreed a final draft deal, the EU–UK Trade and Cooperation Agreement, subject to ratification by the European Council, the European Parliament and the Parliament of the United Kingdom. [81]
Relations between the European Union (EU) and the United Kingdom of Great Britain and Northern Ireland (UK) are governed, since 1 January 2021, by the EU–UK Trade and Cooperation Agreement (TCA). Relations trace back to the foundation of the European Communities , the European Union's predecessor, in 1957.
The United Kingdom's post-Brexit relationship with the European Union and its members is governed by the Brexit withdrawal agreement and the EU–UK Trade and Cooperation Agreement. The latter was negotiated in 2020 and has applied since January 2021.
The United Kingdom did not seek to adopt the euro as its official currency for the duration of its membership of the European Union (EU), and secured an opt-out at the euro's creation via the Maastricht Treaty in 1992, wherein the Bank of England would only be a member of the European System of Central Banks. United Kingdom opinion polls showed ...
The European Commission Directorate-General for Trade lists the 10 largest trading partners of the European Union (EU) with their total trade (sum of imports and exports) in billions of euros for 2020 and 2021. With the United Kingdom’s withdrawal from the EU, the United Kingdom entered the top 10 partners of the EU-27.
Between 2017 and 2019, representatives of the United Kingdom and the European Union negotiated the terms of Brexit, the UK's planned withdrawal from membership of the EU.. These negotiations arose following the decision of the Parliament of the United Kingdom to invoke Article 50 of the Treaty on European Union, which in turn followed the UK's EU membership referendum on 23 June 2016 in which ...
The EU–UK Trade and Cooperation Agreement (TCA) is a free trade agreement signed on 30 December 2020, between the European Union (EU), the European Atomic Energy Community (Euratom), and the United Kingdom (UK).
The United Kingdom (along with the British Overseas Territory of Gibraltar) was a member state of the European Union (EU) and of its predecessor the European Communities (EC) – principally the European Economic Community (EEC) – from 1 January 1973 until 31 January 2020.