Trade and Cooperation Agreement - One Year On

On the afternoon of Christmas Eve 2020, businesses across the UK discovered the answers to key questions which had persisted since the 2016 EU referendum – what would be their new trading terms with their biggest market – the EU – when the transition period ended in just seven days’ time?

This document sets out how the last year has gone for these businesses.

View the report here

In the course of our 2021 survey work on EU-UK trade, we have spoken with thousands of UK businesses. Chamber member businesses cover the whole range of economic activities, from services exporters to importers of food products. As many as half of them are involved in generating the export-led growth which the UK government’s Global Britain approach is supposed to champion.

The data they provide, and the stories they tell of their experiences of the new cross-border trading terms with the EU, provide strong evidence of what needs to change to make the TCA work better for business as we enter its second year.

We make policy recommendations based on that evidence:

  • on the actions the UK government and European Commission could take in the coming months;
  • those issues which could be resolved before the first review of the TCA through side agreements;
  • and the more structural reforms which both sides should focus on in the 2026 review.

If you would like more information about the British Chambers of Commerce’s data and insight on the business community, including how we can collect data on your behalf, please get in touch with Faye Busby, Director of Business Development, on [email protected]

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