Home ShipmanagementLegal Recent EU trade policy and the implications for the negotiations on future relationship with the UK

Recent EU trade policy and the implications for the negotiations on future relationship with the UK

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Recent EU trade policy and the implications for the negotiations on future relationship with the UK

EU trade policy is likely to receive considerable attention over the next few months, as the EU negotiates its future trading relationship with the UK.

The UK formally left the EU on 31 January 2020. It is currently in a transition period, which is scheduled to expire on 31 December 2020. There is a possibility that the transition period could be extended by a single period of up to one or two years beyond 31 December 2020, provided that this extension is agreed before 1 July 2020. However, given the UK Government’s current resistance to an extension, an extension currently appears unlikely.

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