The United Kingdom has left the European Union on 31 January 2020. The transition period of the withdrawal agreement will last until the end of 2020. During this time, the EU’s current rules will remain in force and the future relationship will be negotiated.
Future relationship between the EU and the UK
The aim is for the future relationship to be in effect once the transitional period ends at the end of 2020. This is a very tight schedule. It is therefore possible that, by 1 January 2021, an agreement will not have been reached for certain sectors. Businesses in particular should be prepared for this possibility.