Progress to date: UK-EU Regulatory Cooperation Council
The UK Trade and Business Commission has recommended the creation of a new forum, modelled on the successful US-Canadian regulatory cooperation council, to manage and oversee a future UK-EU relationship built on a mutually agreed policy of Beneficial Alignment.
Read the recommendation in full here.
The forum would ensure regulatory alignment is maintained where mutually advantageous, whilst also providing a structure to manage any divergence between the UK and EU in cases where both parties agree it would be mutually beneficial. The Council would feature members from both the UK and EU, and would be able to intervene on regulatory matters as and when required.
Support for a regulatory cooperation council has been offered by the following:
“For example, the Trade & Business Commission has recommended a regulatory cooperation council to manage this process if the UK decides to align in areas where it is beneficial to do so, such as food safety standards and manufactured goods, as well as chemicals. The aim is that this body could feed into EU dialogues around regulation and enable managed divergence in any cases where this would need to take place.”
“Additionally, establish a new EU-UK Trade and Regulatory Cooperation Council to facilitate cooperation when the UK and EU’s regulatory approaches may diverge, for example on emerging technologies.”
“We must develop processes for regulatory co-operation between the EU and UK, so that businesses can avoid any unnecessary cliff-edges on the introduction of future regulations affecting UK-EU trade in goods.”
“The regulation that underpins the UK’s border management processes is no longer fit for purpose and lacks the agility needed to adapt and respond to the rapidly evolving manner in which international trade is conducted. To address this, the UK should introduce a new regulatory framework that embeds and encourages continued innovation, testing and modernisation. ”
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