|Author (Corporate)||Council of the European Union, European Parliament|
|Series Title||Official Journal of the European Union|
|Series Details||L 83, Pages 1-6|
|Content Type||Legislation, Policy-making|
Regulation (EU) 2023/657 - signed by the co-legislators on 15 March 2023 - setting out rules for the exercise of the European Union's (EU) rights in the implementation and enforcement of the Agreement on the withdrawal of the United Kingdom (UK) from the EU and the EAEC and of the Trade and Cooperation Agreement (TCA) between the EU-EAEC and the UK. It is also known as the Regulation on Autonomous Measures.
Both the Withdrawal Agreement (WA) and the Trade and Cooperation Agreement (TCA) allow a Party to adopt and apply certain measures in order to induce compliance by the other Party with a ruling delivered by an arbitration tribunal or panel. Such measures are temporary remedies applied until full compliance is achieved. The TCA also provides for compensatory measures, which are authorised by an arbitration tribunal at the request of a Party, if the other Party has been found to have applied remedial measures that are significantly inconsistent with the applicable provisions. A number of measures can also be taken without having to first resort to the relevant dispute settlement mechanism.
The EU is authorised under the TCA to suspend or terminate the application of Protocol I, in relation to one or more EU programmes, activities in case the UK fails to pay its financial contribution or introduces significant changes to certain initial conditions. Compliance measures also apply to any supplementing agreements to the TCA concluded by the two sides.
This Regulation allows the EU to take measures even if effective recourse to binding dispute settlement under the Agreements is not possible because the UK does not cooperate in making such recourse possible. It was tabled the European Commission on 11 March 2022.
The Council of the European Union adopted its general approach on the 3 June. The plenary of the European Parliament endorsed a negotiating position in October. An informal agreement between the co-legislators on a compromise text for this file was reached on 30 November. This was formally endorsed by Parliament on 14 February 2023 and by the Council on 7 March. The Act was signed by the co-legislators on 15 March 2023 and published in the Official Journal on 22 March 2023.
|Subject Categories||Politics and International Relations, Trade|
|Subject Tags||Bilateral Relations, Brexit, External Trade | Trade Agreements|
|Countries / Regions||United Kingdom|
|International Organisations||European Union [EU]|