Brexit Trade

Information on the terms of trade with the unified kingdom after his departure from the European Union

From February 1, 2020 the United Kingdom is no longer a Member State of the European Union. On that date, the Withdrawal Agreement that guarantees an orderly exit from the United Kingdom from the EU entered into force and therefore a transitional period began that will last until December 31, 2020. Although this period could last one or two years, the The United Kingdom has indicated its intention not to extend it.

When it comes to goods, during this period the unified kingdom will remain part of the customs territory of the HAT and Single Market, consequently continue to the free movement of goods. There will be no changes in the status of origin of their products, so that companies will continue to benefit from tariff preferences of agreements signed by the HAT in equal conditions. The HAT notify affected countries, during this transitional period, the unified kingdom shall be treated as Member State to the effects of these agreements.

From the 1 January 2021 the unified kingdom will have the obligation to apply the rules of the HAT and enter into force the trade agreement reached. If there was no agreement, the unified kingdom would have the same treatment as other countries of the world trade organisation, with which the European Union has no preferential agreement.

For the export and import of goods, on 1 January 2021 will begin the need for all customs formalities and customs not required for third country. With or without trade agreement, after the transitional period, the unified kingdom shall be outside the Customs union of the HAT and will be a third country to all effects both in trade of goods and services. Their products cease to have the status of originating from the HAT.

Here you can consult the texts of Withdrawal agreement and Political declaration on the future relationship revised.

Highlights

Unión Europea

Decisión del Consejo para la autorización para la apertura de negociaciones para una nueva asociación con el Reino Unido de Gran Bretaña e Irlanda del norte [texto] y Directivas de negociación [texto] Preguntas y Respuestas Nota de prensa

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