The UK’s trade agreements

2 March 2020

 

The UK is seeking trade agreements with our major trading partners.

The UK is also seeking to reproduce the effects of existing EU trade agreements for when they no longer apply to the UK. These are called continuity agreements.

Trade agreements set out the rules that cover trade between 2 or more countries. They aim to make trading easier between those countries. They do this by reducing the restrictions on imports and exports between them.

Trade negotiations the UK is prioritising

The UK has left the EU. We are now able to negotiate, sign and ratify new trade agreements. These can come into force after 31 December 2020.

The UK’s priority is to launch negotiations with:

  • the EU
  • US
  • Australia
  • New Zealand
  • Japan

The government is also continuing its programme of work to reproduce effects of existing EU trade agreements.

The government is also considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Public engagement

The government is engaging with stakeholders to inform the UK’s trade policy and negotiations.

The government has run consultations on potential future trade agreements with the US, Australia, New Zealand and a call for input on a potential agreement with Japan.

It has also consulted on the government’s intention to potentially join the CPTPP.

The government has established the Strategic Trade Advisory Group and a network of Expert Trade Advisory Groups to support the development of our trade policy and negotiations.

Trade with the US

Consultation outcome

Trade with Japan

Closed consultation

Trade with Australia

Closed consultation

Trade with New Zealand

Closed consultation

Trade with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership 

Closed consultation

Existing UK trade agreements with non-EU countries

Until 31 December 2020, EU agreements can continue to apply to the UK. The UK is seeking to reproduce the effects of existing EU trade agreements for when they no longer apply to the UK.

Agreements that have been signed are expected to take effect from 1 January 2021.

Existing UK trade agreements with non-EU countries

Guidance

 

Kindly supplied by GOV.UK

 

Follow Chamber International on Twitter @ChamberInt and on Facebook for the latest in international trade.