After ten months of intense negotiations, the trade and cooperation agreement between the European Union and the United Kingdom concluded on the 24th December 2020 and will provisionally enter into force on 1 January 2021.
Given the importance and diversity of our trade with the United Kingdom, its implementation will help economic operators avoid additional, sometimes significant, costs related to customs duties applicable without an agreement. In any case, it involves filing a customs declaration for all trade with this country from 1 January.
The dismantling of customs duties
This is an unprecedented agreement for the European Union, which was negotiating the exit of one of its members for the first time. It provides for the dismantling of customs duties on all products. applied by both parties since the 1st January 2021, subject to compliance with the preferential rules of origin specified in the agreement.
Subject to the concept of origin of the product.
The trade and cooperation agreement between the European Union and the United Kingdom provides for the dismantling of customs duties applied by both parties to all products of the 1 January 2021, subject to compliance with the rules of preferential origin specified in the agreement.
This exemption, requested in the customs declaration is conditioned by the notion of “ original product » of one of the two parties and cannot be applied indiscriminately to all trade between the European Union and the United Kingdom.
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