LATEST ON BREXIT

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THE UK HAS LEFT THE EU

The UK left the EU on the 31 January 2020 and there will be a transition period until the end of 2020. During the transition period current rules of trade, travel and business will continue to apply while the EU and UK continue to negotiate additional arrangements.

GET READY FOR NEW RULES IN 2021

There will be new rules for living, working, travelling and doing business in the UK and EU from 1 January 2021. Businesses need to assess their own exposure and any potential impact of the UK leaving the EU after the transition period has ended. The British Government and British Chambers of Commerce offers help and advice to get you and your business ready, for more information visit britishchambers.org.uk and gov.uk/transition-check.

WHAT THIS MEANS FOR YOU AND YOUR BUSINESS

Due to the UK leaving the EU with an withdrawal agreement, the close to 100.00 British citizens living in Sweden can continue living in Sweden with the same rights as before. The rights of citizens are protected under the withdrawal agreement and ensures they will be so forever, even after the transition period has ended. The withdrawal agreement and transition period also gives businesses time to prepare for new rules. Looking ahead and beyond the transition period, without a free trade agreement in place by January 2021 the UK will trade under WTO rules. Prime Minister Boris Johnson has set out in his speech on 3 February 2020 what type of agreement he is looking for and has thereby made UK’s position clear. EU’s chief negotiator, Michel Barnier, has also clearly set out EU’s initial negotiating position. There is still a gap between the two opening positions, and the task during 2020 for the EU and UK will be to reach an agreement and negotiate their positions.

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