On the 1st of January 2021 the transition period, which was agreed upon in the UK – EU withdrawal agreement, expired. Hence, a different set of rules will apply to the UK as the country is no longer an EU member. This includes extensive custom procedures, which will govern the trade between the two parties.
The EU and the UK have however agree upon a free trade agreement, which is a step towards simplified future trade between the UK and the bloc. This entails both new challenges and opportunities for Swedish companies, who will need to formulate their strategies with this new reality in mind if they want to remain competitive in the UK market.