United Kingdom: EU-UK Trade Agreement - Potential Impacts of Rules of Origin

At 2300 local time on December 31, 2020, the United Kingdom (UK) completed its departure from the European Union (EU). The two sides successfully negotiated and agreed that there are no tariffs or tariff free quotas on each other’s goods. However, England, Wales, and Scotland’s departure from the EU’s customs union and single market introduces some changes that could affect business operations, such as Rules of Origin, that will affect the movement of some third country goods.

United Kingdom: EU-UK Trade Agreement - Potential Impacts of Rules of Origin