Post-Brexit, following the UK’s departure from the EU, the country has embarked on an ambitious journey to establish a global network of free trade agreements (FTAs). These agreements are designed to reduce tariffs, simplify customs procedures, and open new markets for UK exporters.

Free trade agreements offer many benefits for exporters, including:

• Tariff Reductions: Many agreements eliminate or significantly reduce tariffs, lowering costs and enhancing competitiveness.

• Market Access: FTAs often address non-tariff barriers, such as licensing and standards, making it easier to sell products overseas.

• Services and Investment: Modern trade deals increasingly cover services and investment protections, opening new avenues for UK businesses.

• Rules of Origin: Understanding these rules is crucial to benefiting from tariff-free trade, as they define where goods must be made or sourced.
   

The UK aims to secure new agreements favourable to British businesses while continuing many trade deals it held as an EU member.

Key FTAs the UK Currently Holds Include:

• UK-EU Trade and Co-operation Agreement (TCA): While not a traditional FTA, this agreement ensures tariff-free and quota-free trade for goods meeting rules of origin requirements but introduces customs checks and regulatory barriers.

• UK-Japan Comprehensive Economic Partnership Agreement: Reduces tariffs and opens access to Japan’s market for sectors including automotive and digital services.

• UK-Canada Trade Continuity Agreement: Maintains preferential trade terms with Canada, benefiting sectors such as agriculture and manufacturing.

• UK-Australia Free Trade Agreement: A landmark deal eliminating tariffs on many goods and opening services sectors.
   

Recent Notable Trade Agreements Discussed and Finalised

One of the most high-profile agreements is the UK-US trade agreement. We have been keeping you updated on its developments, and you can join our US Trade Tariffs Webinar for a comprehensive update.

1. UK–India Free Trade Agreement
   In May 2025, the UK and India concluded a landmark free trade agreement, marking a significant milestone in post-Brexit trade relations. The deal eliminates tariffs on key British exports, including whisky, automobiles, and medical devices, while reducing tariffs on Indian exports such as textiles and engineering goods. This agreement is expected to enhance bilateral trade and investment between the two nations.

2. UK–United States Trade Agreement
   Also in May 2025, the UK and the United States announced a breakthrough trade agreement featuring an aluminium and steel trading zone and measures to secure the pharmaceutical supply chain. This deal is anticipated to strengthen economic ties and provide new opportunities for UK exporters in these sectors.
    US Trade Tariffs Webinar: Monday 7th July at 2pm  - FREE to Members. Non-Members £25 + VAT

3. Gulf Co-operation Council (GCC) Free Trade Agreement
   Negotiations are ongoing for an agreement between the UK and the Gulf Co-operation Council (including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE). The sixth round of talks concluded in February 2024, focusing on goods and services trade, investment, and regulatory co-operation. The agreement aims to boost trade and economic co-operation with GCC countries.

4. UK–Switzerland Enhanced Free Trade Agreement
   The UK and Switzerland are negotiating an enhanced trade agreement to deepen their relationship. The fifth negotiation round in October 2024 covered services, investment, and digital trade, with the sixth round planned for early 2025. This agreement aims to provide long-term certainty for UK businesses operating in Switzerland.

5. UK–South Korea Free Trade Agreement
   Negotiations commenced in November 2023, with the fourth round completed in March 2025. Progress has been made on rules of origin, digital trade, and supply chain co-operation, aimed at expanding trade and investment opportunities.  
   Business Opportunities in Korea Webinar: Wednesday 2nd July at 10am - FREE to Members, Members Only Event

Maximising the Benefits of UK Free Trade Agreements

Navigating FTAs can be complex, but understanding their provisions and compliance requirements is essential to unlock their full potential. UK exporters are encouraged to stay informed on evolving trade agreements, invest in compliance expertise around rules of origin and customs procedures, and explore new markets beyond traditional EU partners.

Additionally, businesses should leverage government support services and export finance options designed to help them capitalise on these new trade opportunities. With the right strategies, UK exporters can strengthen their global competitiveness and successfully navigate the evolving post-Brexit trading landscape.