The UK-EU Trade and Cooperation Agreement (the “Agreement”) concluded with the EU on 30 December 2020, ensures that UK companies can continue to access the EU market. While the Agreement sets out the level of access to each Party’s domestic market, there are important changes to be aware of now that UK businesses no longer operate under European Economic Area (EEA) regulations relating to cross-border services.
It was never in doubt, was it? The UK has entered into the UK-EU Trade and Cooperation Agreement (“TCA”) which is a free trade agreement. If your business is party to contracts with parties in the EU, you should consider the following implications.
On 1 January 2021, the UK entered a “brand new partnership” with the European Union. Irrespective of your opinion of Brexit, it was inevitably going to change how business was done in Europe. This blog examines the short-term entry requirements and the transferability of professional qualifications now that UK professionals no longer have the ability to automatically work in the EU.
As an EU member state, the UK has implemented EU policies and legislation in adherence to the EU’s environmental standards. However, after the transition period ends next week, on 31 December 2020 (“IP completion day”), the UK will no longer be bound by EU legislation.