The UK Government and the EU Commission issue a Trade and Cooperation agreement providing a set of substantive and procedural rules on subsidy control

Levitt, Matthew; Vasbeck, Daniel; Hancher, Leigh; Gabathuler, David

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31 Dec 2020

The UK Government and the EU Commission issue a Trade and Cooperation agreement providing a set of substantive and procedural rules on subsidy control

KEYWORDS

Reference

EU Commission, Trade and Cooperation agreement between the European Union and the European Atomic Energy Community, of the one part, and the United Kingdom of great Britain and Northern Ireland of the other part, Agreement, 31 December 2020

On 24 December 2020, the EU and the UK concluded the Trade and Cooperation Agreement (the “TCA”). [1] The TCA, which is still subject to formal ratification by the EU, has been provisionally applied since 1 January 2021. One of the major issues of contention in the negotiations was to what extent the UK would be required to continue to follow the EU’s State aid rules when granting aid to businesses after the end of the transitional period on 31 December 2020. [2] As explained in more detail below, the TCA does not contain such a requirement, but instead provides for a new set of substantive and procedural rules on subsidy control. The UK government is now consulting on the design of a new subsidy control regime for the UK that will meet its obligations under the TCA and other

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Authors

Matthew Levitt
Baker Botts (Brussels)

Belgium 22 contributions 12336 visits
Daniel Vasbeck
Baker Botts (Brussels)

Belgium 15 contributions 4318 visits
Leigh Hancher
University of Tilburg

Belgium 11 contributions 9509 visits
David Gabathuler
Baker Botts (Brussels)

Belgium 7 contributions 8656 visits

Quotation

Matthew Levitt, Daniel Vasbeck, Leigh Hancher, David Gabathuler, The UK Government and the EU Commission issue a Trade and Cooperation agreement providing a set of substantive and procedural rules on subsidy control, 31 December 2020, e-Competitions December 2020, Art. N° 99571

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