People

Current Position

 

Where are we now?

The UK formally left the EU on 31st January with a withdrawal deal. The UK has now entered a transition period which will last until 31st December 2020.

Between 1st February and 31st December 2020 the UK will effectively remain in the EU's customs union and single market. During the transition period the UK Government will be negotiating a future trade deal with the EU.
 
The Welsh Government has published its assessment of the UK Government’s Political Declaration and its priorities for our future trade, and broader relationship with the EU. 


Is the Welsh Government still doing ‘no deal’ planning?

  • While we have left the EU - the complex work will soon begin on the UK’s future relationship with the EU. 
  • Exiting the transition period at the end of 2020 without an agreement on the future relationship is a very real possibility.
  • With so much to negotiate, time is short. The UK government has ruled out any form of extension to the transition period. On this basis, if no trade deal is agreed with the EU by the 31st December the UK will move to trading with the EU on World Trade Organisation Rules.
  • Regardless of what agreements are made with the EU and the rest of the world, the impact of the end of transition will be significant – there will be border checks, custom checks, new administrative requirements. Businesses, the public sector and individuals will need to prepare. 

Wales is still a European nation

  • UK may be leaving EU but we are not leaving Europe – Wales remains a European nation.
  • We still need the strongest, closest relationship with our nearest neighbours.
  • We want to maintain our close bonds of trade, culture and community links that benefit us all.
  • Wales remains a European nation, open for business and eager to trade internationally. 
  • Our future success is rooted in our engagement with the wider world, and we’re committed to strengthening international relationships and economic partnerships – attracting inward investment, and helping Welsh businesses stand out across the globe.
  • For more information see the Welsh Government International Strategy 

Overseas Events
Overseas Events

The markets and exhibitions in our programme have been selected to reflect current international developments which present real opportunities for Welsh Businesses.

Export Zone
Export Zone

Businesses that export grow faster, are more profitable and are more likely to stay in business than those that just sell domestically.

Food and Drink
Food and Drink

Food and Drink exporters may face some sector specific issues once we leave the EU. Here you can find more information on available support.

The Development Bank of Wales is a unique lender to businesses in Wales. It has been set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance they need to start up, strengthen and grow.