The UK left the EU in 2020 and since January 2021 the trading relationship has been governed by the EU-UK Trade and Cooperation Agreement.
This governs free trade in goods where rules of origin are met. The agreement will continue to apply where some conditions are met, such as the continuing similarity of EU and UK rules on issues such as environmental regulation and state aid.
The new arrangements will present challenges to companies in all sectors who are in or do trade with the UK. Our reporting and analysis can help you navigate the changing situation.
Companies will have to adjust how they trade across borders, how they organise and scrutinise their supply chains and in some cases what markets they target. But companies that carried out 'no deal' planning will find themselves at an advantage because many of the changes were widely anticipated.
Sanctions designations should not affect enforcement of pre-existing third-party rights