The Free Trade Agreement, known as The Trade and Cooperation Agreement (TCA), between the EU and the UK came into effect on 1 January 2021. This comprehensive agreement plays a crucial role in facilitating trade between the EU and UK. The agreement permits tariff- and quota-free trade between the EU and the UK.

Nonetheless, trade must adhere to certain formalities, including customs declarations, proof of origin, VAT handling, and compliance with product regulations (see section rules of origin).

Authored by: Linnea Jacobsen

Under the terms of the Free Trade Agreement (TCA), goods originating from the EU or the UK are eligible for duty-free or reduced duty treatment. However, it is essential to maintain accurate and thorough documentation to facilitate the origin management.

Compliance with the requirements for origin not only ensures duty-free or reduced duty treatment, but also supports adherence to TCA.

Authored by Linnea Jacobsen

When trading internationally goods can be subject to restrictions, licensing, or regulatory requirements. Some goods require a special export licence, such as electronics and chemicals. The export licence must be obtained from the relevant authority before exporting these goods. Pharmaceuticals often fall under regulatory oversight. Similarly, food and agricultural products may need certificates to confirm they meet certain standards. Cultural artifacts may also require a specific export permit before they can legally leave the EU. You may need permits or a licence for import to the EU as well.

Because of the complexity and variation in international regulations, it is essential for both importers and exporters to research country-specific restrictions and ensure all documentation is accurate and complete.