No Extension and A Basic Trade Deal

It is possible that a basic deal might be established between the United Kingdom and therefore the EU by the end of the year. However, such a deal would probably cover little quite tariffs and quotas, a dispute mechanism, and standard FTA chapters confirming adherence to WTO principles. There may additionally be some limited provisions on services. Effectively this may be like a light-weight Canada style FTA without the Brexit Extension.

Canada Option - A Comprehensive Economic and Trade agreement: The EU trade agreements with Canada allows tariff-free trade with the Single Market for industrial goods and a few agricultural produces but very limited access for services. Canada doesn't need to suit the EU’s regulations, but there's mutual recognition where all sides accepts the opposite country’s regulations for market access to some services. It can lead its own national trading policy but meaning customs controls and compliance with the “rules of origin” checks.

In such a scenario, major impact areas would be, Artwork/Labelling & Packaging, QPPV, MAH for EU, Non-Tariff Barriers, the need of a Representative entity in the EU for registration and lifecycle management.

To read more about each area affected, what you need to do is to stay ahead of the curve. How Freyr can help ease your transition into these new guidelines?

Latest Resources

  • Blogs

    Brexit: The MHRA and The Proposed eSubmission Portal

    Read More
  • White Papers

    Impact of COIVD – 19 on FMCG Supply Chain Regulatory Compliance

    Read More
  • Case Studies

    Expedited Product Classification and NIOSH Certification for N95 Respirator

    Read More

What our Clients Say?

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Quick Inquiry
x