ELI5: Explain Like I'm 5

EU–UK Trade and Cooperation Agreement

The EU–UK Trade and Cooperation Agreement (TCA) is a special agreement between the European Union (EU) and the United Kingdom (UK). It sets out the rules and regulations that will now apply to the trade and cooperation between these two countries. This means that trade between the EU and the UK can continue even though the UK has left the EU. The TCA will make sure that the EU and the UK can still trade without paying too much in taxes, and that they will be able to get what they need from each other. It also makes sure that the EU and the UK will cooperate on different issues such as security and the environment. So, the agreement between the EU and the UK means that we can still buy and sell things between them without paying too much taxes and that they will still work together on certain things.