What are remedies?
In trade, remedies are the measures – such as fines or tariffs – that a signatory to an agreement can use to retaliate should another party break (or be perceived to break) its commitments. In the UK-EU talks, the use of remedies has been an important issue. Initially, the EU wanted to be able to impose unilateral (or ‘autonomous’) measures against the UK for breaking any commitments without having to go through a cumbersome dispute settlement process. This was to allow the EU to respond quickly to any changes in UK regulatory standards that might result in unfair competition. An alternative is for remedies to be imposed only after some sort of independent dispute resolution process.