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On 23 June 2016 the United Kingdom voted to leave the European Union, and on 29 March 2017 the UK invoked Article 50 of the Treaty on the European Union, officially commencing the withdrawal process (Brexit).1 Negotiations to determine the terms upon which the UK will exit the EU are ongoing (Withdrawal Negotiations). A key aspect of the withdrawal will likely be the UK secession from the EU customs union and accompanying trade agreements entered into by the EU. As a non-member of the European Union the UK will no longer be entitled to enjoy preferential trading terms available in EU free trade agreements.


1 Treaty on European Union and the Treaty on the Functioning of the European Union, Official Journal of the European Union C 326 , 26/10/2012 P. 0001 - 0390.

 

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