Political Declaration: a level playing field for open and fair competition

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The Political Declaration on the future EU-UK relationship describes in its last chapter on the economic partnership, in very general terms, the elements for a level playing field to ensure “open and fair competition”. It should cover state aid, competition, social, employment and environmental standards, climate change and relevant tax matters. These provisions should build on what already exists in the Withdrawal Agreement.

Also, a new chapter on regulatory aspects was added last minute to the Political Declaration. Stakeholders believe this allows for deeper cooperation and for a dynamic alignment, which is a key element for policy areas with regular revisions, such as chemicals safety.

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