Brexit Transition Period Is Over – What Can We Say So Far?
The UK Entered a New Relationship with the European Union on 1 Jan 2021
The United Kingdom (UK) (England, Northern Ireland, Scotland and Whales) is no longer part of the European Union (EU) Customs Union. Simply put, it means movement of goods between the UK and the EU are now to be an import and export trade transaction. Multiple industries have been impacted, including healthcare. This article will identify a few of the key concerns from the healthcare industry, how the Brexit changes may be applicable to healthcare and considerations for how the supply chain may be organized. It is still interesting to note the regulators’ efforts to provide a few transition periods and to maintain a certain continuity to alleviate the effects of this new era. It is fair to say that it all depends on what is the product traded, where it is sourced or exported to and from.