Q&As

What are the implications for trading in goods with the EU27 if the UK trades on World Trade Organization rules in the event of a ‘no deal’ outcome in March 2019?

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Published by a LexisNexis Commercial expert
Published on: 04 February 2019
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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:

  1. •

    Practice Note: International trade hub (in particular News Analyses: Brexit—customs implications for trade in goods and Brexit and the UK’s status in the WTO)

  2. •

    Practice Note: Brexit—UK tax consequences [Archived]

  3. •

    Practice Note: Brexit—alternative

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Jurisdiction(s):
United Kingdom
Key definition:
Goods definition
What does Goods mean?

Goods denote personal chattel and other property which may be detached from land.

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