Four and a half years after a referendum was held in the UK where the people voted to leave the EU, and within days of the end of the transition period, the UK reached an Agreement on Trade and Cooperation with the EU.
The documents detailing the in-principle Agreement were published on 24 December and last updated on 31 December 2020. Although the Agreement is required to be ratified by Parliament and the 27 EU member countries, it came into force at 11pm on 31 December 2020.
Full details of the Trade and Cooperation Agreement, the Agreement on Nuclear Cooperation and the Agreement on Security Procedures for Exchanging and Protecting Classified Information are available here.
Our specialist Brexit business advisory team worked with clients to help them prepare for the changes to doing business after the transition period.
We continue to advise clients on trading internationally post Brexit and are keeping them updated on changes affecting them.