BREXIT Update

January 31st 2020

BREXIT Update

January, 2020

 

As of 23:00 (GMT) on 31 January, 2020 the UK officially ceased to be a member of the European Union.

 

While the UK has agreed the terms of its EU departure, the European Union (EU) and the UK Government are yet to agree the terms of their future relationship.  These discussions and negotiations will take place during the transition period (or ‘implementation’ period), which begins immediately after Brexit day and is due to end on 31 December, 2020.

 

During this 11-month period, the UK will continue to follow all EU rules and there will be no change in the trading relationship between the UK and the EU.  The UK Government plans to use the transition period to negotiate a new free trade agreement, so that the UK can remain in the single market and customs union, when the transition period comes to an end in December, 2020.

 

 

What this means for ISC’s European Customers

 

Business as usual!  We foresee no changes to the way in which we trade with European customers, within the next 11 months.

 

We will be posting updates throughout the year, with news of our preparations for continued European trade in 2021.

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