Trading models after Brexit
ICAEW guide intended to help you understand how Brexit might impact on trade between the UK and the EU and the rest of the world. Our guide is aimed at ICAEW members in exporting or importing businesses or advisors to those businesses.
Much Brexit related guidance focuses on there being ‘no deal’ in March 2019. The UK government says this outcome is unlikely and a draft withdrawal agreement and outline political declaration have been prepared with the European Commission, but clearly these still require political ratification. Even beyond that, many questions remain unanswered about the precise shape of the trading agreement between the EU and the UK.
This guide explores the different trading models that exist to help you understand the implications of different arrangements that might be negotiated, both for trade between the UK and the EU and the UK and other countries.
- How does Brexit impact on trade between the UK and the EU?
- What models are there for trading post-Brexit?
- Trading under WTO rules
- Trading under a Free Trade Agreement
- Trading under a Customs Union
- Summary of the trading options available
- Implications for UK/EU businesses
This guide is one in a series of guidance ICAEW has published to help you to prepare for Brexit. Further guidance can be found in our Brexit hub.