The UK left the EU on 31 January 2020, with a transition period in place until 31 December 2020.
The new deal ends the fear of a “cliff edge” no deal Brexit, which many feared, and will provide businesses with the ability to plan for the future.
The Trade and Cooperation Agreement, alongside the Northern Ireland Protocol, sets out how the future trading relationship between the EU and UK will operate.
The trade deal should provide for zero tariffs and zero quotas on all goods traded between the EU and UK from 1 January 2021.
However, for businesses based in England, Wales and Scotland, trading with EU countries and Northern Ireland (NI) will be different from 1 January 2021 even with the trade deal.
As the UK will no longer be part of the single market and the EU Customs Union, there will be significant barriers to trade and dramatic increases in paperwork and checks when moving goods cross-border.
As a result of the Northern Ireland Protocol, NI has in effect remained inside the EU’s single market for goods. Goods from NI will be able to flow to EU countries without custom checks, tariffs or new paperwork.
The Trade and Cooperation Agreement between the EU and the UK will be formally signed in 2021.
If you would like to understand how the Brexit deal impacts your supply chains, please contact us at Tudor International Freight, on 0113 250 1155 or email email@example.com.
About Us - Tudor International Freight
Established in Horsforth, Leeds, back in 1991, we are a logistics company who are experts in road, air and sea freight. We transport goods to most major cities, towns and suburbs across all 6 continents. We go over and above to ensure that our client’s products, goods and cargo are transported around the world safely and successfully. We are a family business, who are still based in Horsforth, Leeds, West Yorkshire.