Future Trade Hub
The UK left the European Union on 31 January 2020 and entered into an 11-month implementation period, during which time the UK Government and EU seek to negotiate the terms of the future trading and economic relationship.
The UK Government has been clear that the UK will be leaving the EU’s Single Market and Customs Union, and that there will be no extension to the implementation period. It has also confirmed this will inevitably bring about an end to frictionless trade, that businesses will need to make customs declarations, and that there will, in time, be regulatory divergence.
Based on this information, the WSTA has put together two sets of briefings.
The first, for external stakeholders, outlines the wine and spirit industry’s vision for the UK as the world’s wine and spirit hub.
The second set of briefings are a series of subject specific technical briefings for member companies, which look to help WSTA members prepare for any changes they will be required to make as a result of leaving the EU. As part of this, the WSTA has also produced a checklist of actions businesses will need to take, linking to both Government guidance and relevant briefings within the hub, to act as an ultimate guide to help wine and spirit businesses prepare for 1 January 2021.
The wine and spirit industry is in a good position to take advantage of the new opportunities leaving the EU presents. Our industry has a wealth of expertise in moving goods under complex controls across customs borders. There are however some changes which businesses trading with the EU will need to make. These briefings aim to inform and help businesses make those changes.
The information provided in these briefings is based on the best information the WSTA has to hand. It does not comprise an exhaustive list. It should not be seen as a blueprint for individual business decisions. It is recommended that where required, businesses seek relevant legal or professional advice. If there is anything you are unsure of, please contact the WSTA team.