TITLE XI: LEVEL PLAYING FIELD FOR OPEN AND FAIR COMPETITION AND SUSTAINABLE DEVELOPMENT Chapter one: General provisions Article 1.1: Principles and objectives 1. The Parties recognise that trade and investment between the Union and the United Kingdom under the terms set out in this Agreement require conditions that ensure a level playing field for open […]
Category: Level Playing Field
LPF Competition EU UK Agreement
Chapter two: Competition Policy Article 2.1: Principles and definitions 1. The Parties recognise the importance of free and undistorted competition in their trade and investment relations. The Parties acknowledge that anticompetitive business practices may distort the proper functioning of markets and undermine the benefits of trade liberalisation. 2. For the purposes of this Chapter, an […]
LPF State Subsidies EU UK Agreement
Chapter three: Subsidy control Article 3.1: Definitions 1. For the purposes of this Chapter: a) “economic actor” means an entity or a group of entities constituting a single economic entity, regardless of its legal status, that is engaged in an economic activity by offering goods or services on a market; b) “subsidy” means financial assistance […]
LPF State & Protected Sectors EU UK Agreement
Chapter four: State-owned enterprises, enterprises granted special rights or privileges and designated monopolies Article 4.1: Definitions 1. For the purposes of this Chapter, the following definitions apply: (a) “Arrangement” means the Arrangement on Officially Supported Export Credits, developed within the framework of the OECD or a successor undertaking, whether developed within or outside of the […]
LPF Taxation EU UK Agreement
Chapter five: Taxation Article 5.1: Good governance The Parties recognise and commit to implementing the principles of good governance in the area of taxation, in particular the global standards on tax transparency and exchange of information and fair tax competition. The Parties reiterate their support for the OECD Base Erosion and Profit Shifting (BEPS) Action […]
LPF Employment EU UK Agreeent
Chapter six: Labour and social standards Article 6.1: Definition 1. For the purposes of this Chapter, “labour and social levels of protection” means the levels of protection provided overall in a Party’s law and standards62, in each of the following areas: (a) fundamental rights at work; (b) occupational health and safety standards; (c) fair working […]
LPF Environment EU UK Agreement
Chapter seven : Environment and climate Article 7.1: Definitions 1. For the purposes of this Chapter, “environmental levels of protection” means the levels of protection provided overall in a Party’s law which have the purpose of protecting the environment, including the prevention of a danger to human life or health from environmental impacts, including in […]
LPF Trade & Development EU UK Agreement
Chapter eight : Other instruments for trade and sustainable development Article 8.1: Context and objectives 1. The Parties recall the Agenda 21 and the 1992 Rio Declaration on Environment and Development, the Johannesburg Plan of Implementation of the World Summit on Sustainable Development of 2002, the International Labour Organization (ILO) Declaration on Social Justice for […]
LPF Institutions & Disputes EU UK Agreement
Chapter nine: Horizontal and institutional provisions Article 9.1: Consultations 1. A Party may request consultations with the other Party regarding any matter arising under Article 1.1(3) [Principles and objectives] of Chapter 1 [General provisions], and Chapters 6 [Labour and social standards], 7 [Environment and climate], and 8 [Other instruments for trade and sustainable development] by […]