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11 November 2020

Brexit: practical consequences for operators with regards the exit of the United Kingdom from the internal market and the EU Customs Union on 1st January 2021

The United Kingdom (hereinafter “the UK”) left the European Union (hereinafter “the EU”) on 31 January 2020. The withdrawal agreement between the EU and the UK provided for a transitional period which expires on 31 December 2020 and which can no longer be extended. On 1st January 2021, the UK will leave the internal market and the Customs Union, thus putting an end to the free movement of persons, goods and services. The EU and the UK will become third countries and thus re-establish customs formalities.

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