BUSINESS
OUR NEW FUTURE TRADING AGREEMENT WITH THE EU Since the announcement of the new UK-EU trade agreement on Christmas Eve, businesses have been busy trying to understand what this might mean for their business and their EU customers The Trade and Cooperation Agreement (TCA) details the future trading arrangements between the UK and the EU and whilst it is good news that a deal has been done, so that there can
16
be trade with no tariffs or quotas, it is important to remember that this will not be the final position. There will be further negotiations, compromises, and latenight negotiations on many topics. For
example, the current deal does little for the service industry and this is a topic that will be subject to further discussions in the future. One of the difficulties that faces businesses is that many government web pages are being re-written and/or removed following the late agreement of the deal. Furthermore, some web pages contain incorrect information (such as saying that you may need to pay duty on imports of goods from the EU to the
