The policy statement also provides that this partnership should be integrated into a general governance framework, with appropriate mechanisms for the enforcement and resolution of disputes. The EU has formally informed its international partners of the UK`s withdrawal and the transitional arrangements provided for by the withdrawal agreement, including with regard to international EU agreements, in a verbal note, which has also been approved by the United Kingdom. The economic partnership will focus on a comprehensive and balanced free trade agreement and will cover areas of cooperation such as transport, energy, climate, environment and fisheries. The declaration also states that future relations must ensure open and fair competition, which must include strong commitments to ensure stable competitive conditions. The EU and the UK will use the months of the transition period to negotiate a new and fair partnership for the future, based on the political declaration agreed between the EU and the UK in October 2019. On 3 February 2020, the Commission recommended that the Council begin negotiations for a new partnership with the United Kingdom. The negotiating guidelines were adopted by the Council on 25 February 2020. The main element of our approach is the Comprehensive Free Trade Agreement (FTA), which essentially covers all trade. We have also proposed a separate fisheries agreement that will take back control of our waters, as well as our right as an independent coastal state; an agreement on prosecution and judicial cooperation in criminal matters to help protect the public and bring offenders to justice; Agreements in the technical areas relating to cooperation in aviation, energy and civil nuclear power and which will help ensure the continuity of the United Kingdom on the basis of its new foundations as an independent sovereign nation. The European Union and the United Kingdom aspire to an ambitious future partnership that reflects the political and geographical proximity and economic interdependence between the EU and the UK.
With regard to the security of Europe and the security of its citizens, the future security partnership would include both prosecution and criminal justice, as well as foreign policy, security and defence and other areas of cooperation. Learn more about the rounds of negotiations on the future partnership between the European Union and the UK. Read more about the preparations for an ambitious partnership between the EU and the UK, which goes far beyond trade, and on the preparation measures under way The UK is bound by the EU`s Common Fisheries Policy and the terms of the relevant international agreements. We are looking for the kind of agreement that the EU has already reached with Canada and other friendly countries in recent years. Our proposal builds on previous EU agreements, such as the Comprehensive Economic Agreement, the EU-Japan Economic Partnership Agreement and the EU-South Korea Free Trade Agreement.