Monday, 3 February 2020
The UK left the European Union at 11 pm on 31st January, some 1,317 days after the referendum but there’s still no clarity about what the future looks like in a number of key areas. Not least is the fact that, in theory at least, the prospect of ‘no deal’ could raise its head again at the end of 2021 in the event that we haven’t concluded a trade agreement with the EU. A transition period until the end of 2020 has been agreed, so some things won’t change dramatically overnight, and for some – particularly those whose supply chains operate primarily in the EU, the immediate impact is likely to be negligible. However, there may be some risks to those in the UK who trade out-with the EU since non-EU countries are not automatically to obliged to continue treating the UK as a full EU member. This could mean the loss of some existing EU bilateral trade agreements during or following the withdrawal period. For more information we have a range of resources available here – from the ‘What Now?’ webinar accessed through the link on the right, to an A to Z of post-brexit trade, see below. This resource is being updated daily so please check back regularly for the latest information.
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