Trade and Cooperation Agreement Between EU and UK: Practical Implementation

Relevance. The article presents the analysis of practical implementation of trade and cooperation agreement between EU and the UK signed on the 30^th of December 2020. It also reflects key aspects of customs regulation, including absence of tariffs and quotas in case of full compliance with the rules of origin. Despite the fact that the agreement was signed two years ago, the aspects of its practical implementation haven’t been studied properly, although the difficulties that both parties face could be taken into account by participants of other integration unions including EEU.
The purpose is to reveal and present further comprehension of the key aspects of trade and cooperation agreement between EU and the UK including trade and services provisions with regard to their practical implementation.
Objectives are to identify and comprehend key provisions of trade and cooperation agreement between EU and the UK; to reveal the difficulties that both parties face regarding practical implementation of some key aspects of the agreement.
Methodology. The study was carried out on the basis of the general scientific method, including methods of analysis and comparison as well as formal-legal and comparison-legal methods.
Results. The results of the research are substantiated with elements of scientific novelty. The author has studied the difficulties arising from practical implementation of the provisions of the agreement.
Conclusion. The author declares that trade and cooperation agreement has formed a strong legal basis for further interaction between the parties despite the difficulties that are to be overcome.

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