On January 31st the UK will formally leave the EU, and will enter a transition period until 31 December 2020, to prepare for its new relationship with the EU.
During this period, the UK's trading relationship with the EU will remain the same while the two sides negotiate a Free Trade Deal, starting on January 1st 2021.
It means goods keep on circulating freely between the UK and the rest of the EU, without customs declarations or controls.
If a trade deal is ready in time, the UK's new relationship with the EU can begin immediately after the transition. If not, the UK faces the prospect of having to trade with no agreement in force (Hard Brexit mode).
This would mean checks and tariffs on UK goods travelling to the EU.
BRT will closely follow the progress of negotiations to ensure that trade continues to be as frictionless and smooth as possible.