On 24 December 2020, the UK Government reached an agreement with the EU on the highly anticipated Trade and Cooperation Agreement (TCA). The TCA was ratified by the UK Parliament on 30 December 2020 and will be applied provisionally in the EU from 1 January 2021, pending ratification by the EU Parliament in early 2021.
The TCA contains minimal provisions to enable the UK and EU to cooperate on the regulation of products placed on both markets and therefore most businesses will need to address EU and UK product compliance separately.