The agreement will establish a framework for EU and UK competition matters and is the first agreement signed between the two authorities on competition matters after Brexit.

The agreement will establish principles of cooperation, ensuring smooth interactions between the EU and the UK on competition matters. Now, the EU and the UK will have to notify each other of significant antitrust matters and coordinate when needed. It is also established now that EU and UK competition authorities must protect all confidential shared information.

The EU-UK Competition Cooperation Agreement represents a further step towards implementing the EU-UK Trade and Cooperation Agreement.