The following Public Law practice note provides comprehensive and up to date legal information covering:
With the government's continued focus on enhancing the UK's position as an independent trading nation, we have published a range of analysis concerning the trade elements of the UK's Brexit strategy and post-Brexit international trade policy, which includes UK efforts to establish new trading arrangements with the EU, securing new trade partnerships with non-EU countries, and re-framing the UK's status in the World Trade Organization post-Brexit.
A sample of key updates and analysis is set out below.
Following its withdrawal from the EU, the UK began to operate as an independent trading nation from 11 pm GMT on 31 January 2020 (exit day). During the transition/implementation period that followed, the UK focussed on negotiating the terms of its post-Brexit relationship with the EU, with particular focus on its economic and trading relationship. This culminated in the agreement of the EU-UK Trade and Cooperation Agreement, which was signed in December 2020 and became provisionally applicable on 1 January 2021. For background reading, see Practice Note: EU-UK Trade and Cooperation Agreement—quick guide.
Meanwhile, looking beyond the UK/EU relationship (ie ‘beyond Brexit’), the UK also began to re-frame its global position, re-establish its status within the World Trade Organization (WTO) and negotiate international agreements with third countries and organisations (even in areas of exclusive EU competence), which was permitted as long as these agreements
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