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The EU-UK Trade and Cooperation Agreement

The EU-UK Trade and Cooperation Agreement
CECE Europe
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The EU-UK Trade and Cooperation Agreement

IMAGE SOURCE: CECE - Committee for European Construction Equipment

After intense negotiations, on 24th December 2020 the European Commission and the United Kingdom reached an agreement on the terms of their future relationship.

The new EU-UK Trade and Cooperation Agreement (TCA) delivers duty- and quota-free trade. However, in order to qualify for beneficial treatmentthe exports must meet stringent rules of origin, meaning that products must be wholly obtained from or manufactured inthe EU or the UK, or sufficiently worked or processed there, and this applies also to construction equipment.

European exporters & importers can check specific product ruleson the “My Trade Assistant” tool of the EU Commission trade portal by using their product HS code (for construction equipment see HS Chapter beginning with 84).

Source: CECE - Committee for European Construction Equipment