The following Commercial Q&A provides comprehensive and up to date legal information covering:
For the purposes of this Q&A we have focused on the matters directly relevant to World Trade Organization (WTO) rules as they relate to trade in goods between the remaining members of the EU (EU27) and the UK.
This Q&A does not focus on other legal, commercial and operational aspects which may be impacted by a ‘no deal’ Brexit in March 2019, such as the implications for haulage or transportation or product safety or labelling; or the impact on goods which are restricted, subject to export controls, require a licence for import or export, or are otherwise subject to specific rules.
Key guidance available focusing on the WTO rules in a ‘no deal’ Brexit scenario includes:
Practice Note: International trade—Brexit toolkit (in particular News Analyses: Brexit—customs implications for trade in goods and Brexit and the UK’s status in the WTO)
Practice Note: Brexit—UK tax consequences
Practice Note: Brexit—alternative UK trade models [Archived]
Practice Note: Import and export of goods between the UK and EU post-Brexit
The UK is due to exit the EU at 11:00pm UK time on 29 March 2019. Following that date the UK/EU27 legal and commercial relationship may be subject to a Withdrawal Agreement (the draft text of which includes a transitional period, during which the UK would generally remain subject to EU law (including the EU Customs Union and Single Market) for a
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