UK Negotiating Trade Continuity Agreements With Bosnia, Algeria
The United Kingdom is negotiating agreements with Bosnia and Herzegovina and Algeria to continue current trade relations in the event that the U.K. leaves the European Union with no transition deal, the UK Department for International Trade said on two…
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new webpages on trade with the countries. “If agreed, these arrangements could maintain the effects” of the EU trade deals with Bosnia and Algeria after a no-deal Brexit, it said. If the U.K. leaves with no deal and no agreement is reached with each respective country, each of the existing trade agreements would no longer apply, the pages said. “This would mean the UK would not have preferential trade arrangements for exports to” Algeria and Bosnia. The U.K. is also making efforts to sign a similar deal with South Korea (see 1904230030), and already has such deals in place with several other countries, including Switzerland.