The key issue leading up to 31 December 2020 is whether all parties can agree an overall new relationship including a new Free Trade Agreement (FTA) before the transition ends. Until this is clear and what the terms of any such an FTA deal are, the threat of a cliff edge, with trade in goods defaulting to tariff laden World Trade Organization (WTO) terms, will persist.

A no-deal Brexit and the impact on your business

In the event of a no-deal Brexit

The key issue leading up to 31 December 2020 is whether all parties can agree an overall new relationship including a new Free Trade Agreement (FTA) before the transition ends. Until this is clear and what the terms of any such an FTA deal are, the threat of a cliff edge, with trade in goods defaulting to tariff laden World Trade Organization (WTO) terms, will persist.

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