On DECEMBER 24, 2020, the European Commission reached an agreement with the United Kingdom on the terms of its future cooperation with the European Union. The EU-UK Trade and Cooperation Agreement (TCA), provisionally applicable as of January 1, 2021, rests on three main pillars, which are a) a free trade agreement; b) a new partnership for citizens’ security; and c) a horizontal agreement on governance designed to ensure legal certainty for businesses, consumers, and citizens and created by several joint governance bodies, notably the Partnership Council, the Trade Partnership Committee, and various specialized committees. The TCA consists of six main parts: institutional
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