The report assesses the implementation of the Trade and Cooperation Agreement between the EU and the UK, which has governed post-Brexit relations since 2021. Key objectives include fair competition, sustainable development, and upholding fundamental rights in trade, energy, and fisheries. Politically, the EU aims to strengthen cooperation in security, defense, and climate action, notably through the new Security and Defense Partnership. Challenges remain in fully implementing the Withdrawal Agreement, such as the Northern Ireland Protocol, and addressing non-tariff trade barriers for businesses. Regular summits are intended to deepen the strategic partnership and drive tangible progress in shared priority areas.