As of 1 January 2021, the UK is no longer in the EU Single Market and Customs Union.
On 24 December 2021, the EU and UK reached an ‘agreement in principle’ on the text of a new "Trade and Cooperation Agreement" (TCA) to govern their relations after the end of the transition period.
Guidance for business
Guidance for business is available on the UK government's website, which provides detailed information for businesses, individuals and people living in the UK and EU.
If your business has a commercial presence in an EU member state, guidance is available on the European Commission website.
Business should consider signing up to email notification services provided by the UK government and by the European Commission to keep updated on issues directly relevant to them.
Help for Australian business
In the event of potential issues with your exports to the UK, Australian businesses can:
The Australian Government has put the following arrangements in place to minimise any disruptions to trade flows between Australia and the UK and EU:
- Mutual recognition of conformity assessments and certifications through the Australia-UK agreement where exporters can be confident their goods comply with UK technical regulations before they depart Australia, saving time and money.
- Uninterrupted wine exports to the UK, under the bilateral Wine Agreement where the UK will continue to accept Australian labelling standards and certification standards as well as winemaking practices.
- Continuity of equivalence decisions, providing certainty to businesses and consumers under two Memoranda of Understanding (covering trade repositories and alternative investment funds) agreed by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC).
The following Australian Government websites have further information about trade with the UK and EU: