On December 24, 2020, exactly four and a half years after the result of the UK's EU Referendum, the UK and the EU reached an agreement on their future trade and cooperation arrangements: the EU-UK Trade and Cooperation Agreement ("EUTCA").
The transition period that has run since the UK left the EU in January 2020 will end at midnight CET on December 31, 2020.
This deal will come into place on January 1, 2021, as the UK leaves the EU’s customs union and single market.
The EUTCA runs to more than 1250 pages and is one of the fastest trade deals ever negotiated, although the close trading ties and common standards between the UK and EU economies meant that the two sides started from a very similar position. It is also the first FTA ever to reduce, rather than increase benefits to both sides. GRI's latest Brexit update highlights the main elements of the EUTCA and the impact on recruitment.
Click here to download issue 11 of GRI's latest Brexit Bulletin.