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The UK and EU sign the Agreement to Rebuild Relations

The UK and EU sign the Agreement to Rebuild Relations

TraderKnowsTraderKnows
2025-05-20
Summary:The UK and the EU sign a new agreement to reshape the post-Brexit cooperation framework.

2025.5.20  英欧

UK and EU Sign Rebuilding Cooperation Agreement Covering Trade, Defense, and Tourism; Disputes Remain over Fisheries and Youth Mobility

Four years after Brexit, UK-EU relations have reached a new turning point. On May 20, the UK and the EU officially signed a "landmark" agreement in London, aimed at rebuilding the political and economic relations strained by Brexit. The agreement covers numerous areas including food trade, border facilitation, security defense, and fisheries cooperation, laying the groundwork for future strategic interaction between the UK and the EU.

Trade and Borders: British Sausages to Return to EU Shelves

One of the most immediate benefits of the agreement is the significant simplification of cross-border trade in food and beverage products. British foods previously hindered by EU's intricate quarantine standards, such as sausages and burgers, will be able to return to the EU market due to the elimination of routine quarantine procedures. The UK government claims this will ease logistical bottlenecks caused by border check delays, helping to restore exporters' confidence.

For the general public, the boarding experience at EU airports will also improve. The agreement allows UK travelers to pass through more "boarding gate" areas without repeated passport checks at borders, alleviating the "long queue nightmare."

Defense Cooperation Warming Up, UK Joins EU Security Project

In the realm of security and defense, the agreement establishes a new partnership mechanism allowing the UK defense industry to participate in the EU-led "European Security Action" defense fund. This fund, totaling £150 billion (around $200 billion), is seen as a crucial tool for enhancing regional response capabilities. This also signifies a further strengthening of UK-EU collaboration on security matters amidst the continued tension in Ukraine.

Fisheries Rights Extended to 2038, Domestic Criticism Rising

Fisheries, one of the most sensitive topics in Brexit negotiations, was also addressed: EU trawlers can fish in UK waters until 2038. This concession has been positively received in Brussels but sparked controversy within the UK. Critics claim this could undermine the UK's core promise to "take back control."

Conservative MP Kemi Badenoch stated, "This agreement feels like a return to being constrained by EU rules." Brexit pioneer and Reform Party leader Nigel Farage also expressed dissatisfaction with the agreement, accusing the Labour government of betraying the spirit of Brexit.

Youth Mobility and Immigration Policy Disagreements Remain

Despite significant progress in several areas, the "Youth Experience Scheme" has yet to materialize. Both parties pledged to continue negotiations to facilitate young people working and traveling across the European continent. The project is expected to set age and time limits, referencing similar schemes with Australia and New Zealand, but negotiations are not yet complete.

Complex Political Background, UK-EU Seek Stable Cooperation Path

The agreement was reached against a backdrop of highly uncertain geopolitical situations, bearing special significance. European Commission President Ursula von der Leyen called it a "historic day," emphasizing that "European unity remains solid." European Council President Antonio Costa also noted that this agreement will reactivate strategic partnerships between the UK and EU in trade, migration, and security.

UK Prime Minister Keir Starmer also positively assessed the agreement results, stating it is an important step towards "Britain's return to the global stage." "We are paving the way for economic growth and creating more income sources for working families," he said.

Political Pressure Remains: Reform Party Polls Rise, Government on Defensive

However, Starmer's government faces more than just international issues. The latest polls show rising support for the Reform Party, while his personal approval rating has hit a historic low, with only 23% of the public viewing him favorably. Under such political pressure, the Labour Party insists the agreement does not violate "red lines," reiterating no return to the single market, no entry to the customs union, and no restoration of free movement of people.

Conclusion:

This agreement brings a rare positive atmosphere to the post-Brexit UK-EU relations, showing both sides' attempt to rebuild trust and cooperation mechanisms after years of tension. However, the agreement itself is accompanied by political disputes and structural differences, particularly concerning fisheries and personnel movement issues. The sustainability of the agreement's implementation and its impact on UK domestic politics will be key variables in observing the future trajectory of UK-EU relations.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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