Brexit round-up – 12/02/21
12th February, 2021
Welcome to this, our latest Brexit round-up. Each week we provide a succinct round-up of the latest news surrounding the Brexit process, so you can keep abreast of the issues which are likely to affect your organisation.
New interim UK-Ghana continuity trade partnership agreement concluded
The governments of the UK and Ghana have issued a joint statement announcing that they have finalised negotiations for a new Interim Ghana-UK Trade Partnership Agreement. The agreement will enter into effect following completion of the relevant internal procedures required in both countries. The two countries had been unable to conclude a continuity agreement before the end of the transition period, meaning that trade between the UK and Ghana reverted to WTO terms however on 31 December 2020, the UK and Ghana published a joint ministerial statement which explained that the countries had “reached a consensus on the main elements of a new trade agreement” and that they “intend over the next few weeks to finalise the text of the Agreement.” This new agreement will now replace the EU-Ghana stepping stone economic partnership agreement, which ceased to apply to the UK at the end of the UK-EU transition period on 31 December 2020. This agreement will provide for duty-free and quota-free access for Ghana to the UK market and preferential tariff reductions for UK exporters to the Ghanaian market.
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