Who Does The Uk Have Free Trade Agreements With

Agreements with the following countries and trading blocs are expected to enter into force from 1 January 2021, when existing EU trade agreements no longer apply to the UK. The UK has signed MAs that replicate the impact of existing EU agreements. These are expected to enter into force on 1 January 2021. The Withdrawal Agreement states that EU regulations will continue to apply to the UK until then. The UK`s trade agreement with Israel covers conformity assessment of industrial products. This means that existing agreements with Israel will continue after December 31, 2020. Trade can also be simplified if countries have the same rules, such as . B the colour of the wires in the plugs. The closer the rules, the less likely it is that the goods will have to be controlled. The EU insists that the UK must adhere to these rules fairly closely – so that British companies don`t get an advantage – but the UK government says it wants the freedom to move away. Where EU trade agreements apply, THE CONTENT OF THE UK and the EU will continue to count in the rules of origin of EU trade agreements until 31 December 2020, just as it currently does.

The UK government is also conducting trade negotiations with countries that currently do not have trade agreements with the EU, such as the US, Australia and New Zealand. So far, more than 20 of these existing agreements, covering 50 countries or territories, have been reconsted and will start on 1 January 2021. This represents around 8% of the UK`s total trade, based on 2018 figures. But it is clear that new agreements with some countries will not be ready in time. .