摘要: |
Days before a "hard" Brexit loomed at the close of 2020, negotiators sealed the EU/ UK Trade and Cooperation Agreement (TCA) to limit disruptions and govern future relations. These are now two separate markets, with separate legal and regulatory frameworks. Brexit officially ended the free movement of persons, goods and services, but the Agreement provides for free trade and cooperation on economic, social and other issues. It stipulates zero tariffs and quotas on all goods produced in the respective region, but trade with non-EU or non-U.K. products is subject to duty. Value-added taxes apply to imports. |