TradeLane

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The Brexit Transition period ends on December 31^st 2020. As of January 1^st 2021, the United Kingdom of Great Britain (UK) officially leaves the European Union (EU). Tradewin has identified some key areas that traders need to prepare for when the UK becomes a third country to the EU. These key areas need to be considered regardless if there is an agreement between the EU and the UK, as formalities at the borders will need to be completed.

The Covid-19 pandemic has produced disruption around the globe, causing governments to enforce lockdowns and place controls on essential equipment to protect vital medical supply chains. In the EU, the regulations surrounding the import and export of personal protective equipment (PPE) have forced industry professionals to pay attention to regulations that evolve in step with the crisis.

In preparation for Brexit, the United Kingdom (UK) has published its Common External Tariff, scheduled to take effect on January 1^st, 2021, at the end of the transition period established in the EU Withdrawal Agreement Bill.

On February 12^th, 2020, The European Union (EU) moved forward with a partial withdrawal of preferential tariff treatment from Cambodia due to human rights abuses.

Following a decisive win by the conservative party in a recent UK General Election, on December 20th, 2019 the UK House of Commons approved the Withdrawal Agreement Bill (WAB) governing the UK’s departure from the European Union (EU). In parallel, the bill was approved by European Parliament on January 29th, 2020.