The CBI is gearing up for a busy Spring, with the B7 conference in May and a number of virtual events planned to give members an insight into the UK’s new trading relationship with the EU.
EU
3 months since an agreement was reached on the EU-UK TCA, it is set to be ratified by the European Parliament next week, bringing the agreement legally into force. With this, the UK government’s focus will move on to getting the governance structures of the TCA up and running. The TCA is governed by a complex overarching governance structure, headed up by a Partnership Council and consisting of 23 specialised committees, responsible for TCA oversight, amendment, and dispute settlement. Despite the TCA having been in force since January, these structures are yet to have been formally set up – representatives still need to be appointed and schedules and sequencing still need to be negotiated and agreed on by both sides.
Without these structures in operation, there have been no official mechanisms to monitor how businesses from both the UK and EU have adjusted to the TCA. The CBI will continue to engage with officials on both sides of the Channel to ensure that they work together to set up these governance structures and
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