It’s now time to act

Sally Jones and Andy Bradford consider the practicalities of implementing the UK-EU Trade and Cooperation Agreement

On 24 December, negotiations to conclude the UK-EU Trade and Cooperation Agreement (TCA) ended. The TCA will govern the UK and EU’s economic and trading relationship now that the Brexit transition period has come to an end. 

The TCA (or the avoidance of a no deal outcome) does not remove the need for businesses to make changes to their operations – far from it – but it does bring some certainty on many of the new trading rules that will apply after the end of the transition period, most notably tariffs.