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    Brexit update January 2021
    The European Union (“EU”) and the United Kingdom (“UK”) have during the past year negotiated the terms of a new deal, EU-UK Trade and Cooperation Agreement (“the Agreement”), to govern the future relation between EU and UK. Even though EU and UK have agreed on a trade deal, it is important to remember that UK should be treated as a third country in terms of trade. This has already taken place from the 1st January 2021 where UK officially has left the EU Single Market, Customs Union, and all EU policies.
    Brexit update December 2020
    Great Britain (“GB”) officially left the European Union (“EU”) on 31 January 2020, and we are now at the end of the transition period. If GB and EU do not reach an agreement with a trade deal before 1 January 2021, GB will become a third country and all companies within EU need to follow the general rules for countries outside of EU when trading with GB. This means that all export from GB and import to GB will basically be governed by the rules of the World Trade Organization (“WTO”). The border between GB and EU will become an operational customs border from 1 January 2021 and it will result in a number of procedural and structural changes such as customs declarations and duty and VAT may have to be paid.
    Corona accelerates revenue through E-Commerce showing the enormous and still unexplored potential for the industry
    In these times where the pandemic brings massive change within customer buying behavior, it has never been more clear, which companies have the right mindset, leadership and supply chain to meet the changing consumer needs and which companies continues to think in ownership rather than partnership. If the companies do not pay attention and meet the demand from the consumers, they will be on the direct path towards extinction.