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The UK government is working on new deals that will replace EU trade deals after Brexit. By October 2019, before the Brexit deadline, the UK government had already signed or implemented 15 agreements to continue after leaving the EU, which would have come into force in the event of a non-agreement scenario. However, a withdrawal agreement was finally reached between the two parties and the UK officially left the EU on 31 January 2020. However, the UK has entered a “transitional phase” in which the UK retains a number of EU advantages, such as .B internal market and customs union alignment, as well as access to all existing EU free trade agreements. Since October, the government has concluded a number of additional continuity agreements, with 21 agreements signed to date (for 50 countries) (14 September 2020). “Trade Agreements Signed” Updated with latest statistics from the Office for National Statistics Why Switzerland is worried about UK trade after Brexit On 20 January 2019, Liam Fox said he was confident the UK could repeat the top five trade deals by 29 March. He said there were 34 free trade agreements that required replication. However, he said that a number of countries “are not ready to prepare for a non-agreement.” The South Korean list has been updated, with the UK signing a trade agreement with South Korea. On 23 October, the UK government signed a new trade agreement with Japan, which means that 99% of UK exports will be tariff-free. Trade deals, of which the UK is a member of the EU, will no longer be valid if there is a Brexit without a deal. The Southern African Customs Union and the countries of Mozambique`s trade bloc have been added to the list of signed agreements. All UK trade statistics have been updated to correct an error. “No additional continuity agreement was reached in the first eight months of 2020 and, in their exchange of letters with the Shadow International Trade Team, representatives of Cameroon`s countries in Montenegro indicated that no formal discussions had yet taken place during this period.” The government wants continuity agreements or a rollover of all EU trade agreements and other preferential trade agreements with third countries.

In this way, agreements with third countries of which the UK is currently a member as an EU member state can be imitated in agreements between the UK and third countries when the UK withdraws. This would not preclue a longer-term review of these agreements to create a more personalized regime. To date, more than 20 of these existing agreements, covering 50 countries or territories, have been shaken up with the exception of the I.V. and will begin on 1 January 2021. Based on 2018 figures, this represents about 8% of total trade in the UK. But it is clear that new agreements with some countries will not be ready in time. The UK government has powers over trade agreements and international agreements, as well as the right and power to pass laws on all matters under parliamentary sovereignty, but the UK government will generally seek the compliant advice of the Devolved Parliament (s) when areas of agreement conflict with issues of decentralised jurisdiction. Regardless of its ability to legislate, the UK government is still in the process of reaching an agreement with the EU, but it has warned that if it fails to reach an agreement, trade with the bloc will be done under the terms of the World Trade Organization (WTO).