Adapting to Brexit: The New EU-UK Trading Relationship

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This Alert gives a high level overview of the new trading relationship between the European Union (‘EU’) and the United Kingdom (‘UK’) for goods and service supply.

The EU and the UK reached provisional agreement on a trade agreement in December 2020, and the transition period for the UK’s exit from the EU (‘Brexit’) came to an end on 31 December 2020. The UK Parliament approved the agreement on 30 December 2020 and, last week, the European Parliament did so also. The EU Council signed it on 29 April 2021 and the final agreement has therefore now entered into force. In the meantime, the provisional TCA has been applied since 1 January 2021.

Please see full Article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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