No new trade agreement can start before the transition is complete. Future Free Trade Agreements: United States, CPTPP, Australia and New ZealandCommons Library research briefing, 20 February 2019Company of the proposed new trade agreements after Brexit between the United Kingdom and countries that currently do not have an agreement with the EU During its tenure as an EU member, the United Kingdom was automatically part of about forty trade agreements concluded by the EU with more than 70 countries. In 2018, these agreements accounted for around 11% of total UK trade. 3) On 2 April 2019, the United Kingdom signed a trade agreement with Iceland and Norway. This agreement was signed in order to maintain the continuity of trade and was part of the preparations for a possible “No Deal” Brexit. It will not enter into force. The UK`s future relationship with these countries is influenced by their relationship with the EU, as they are EEA Member States. We will continue to work with Iceland and Norway to identify the most effective way to maintain and strengthen trade with them beyond the transition period. Importance of trade with the EU for the British IndustrieCommons Library research briefing, 1 August 2017Squipment on the importance of trade with the EU, in particular for UK industries heavily integrated into the European internal market Brexit and trade in servicesCommons Library Insight, 8. October 2019 Find out how a no-deal Brexit could change the way UK service companies would trade with the EU The damage caused by temporary trade disruptions and help reduce GDP by 1.5% after five years, says Brexit body: Customs and regulatory agreementsCommons Library Research Briefing, updated 13 July 2018Commons to leave the customs union and the single market b THE UK and the EU are negotiating a n trade agreement that will start on 1 January 2021, when the new relationship between the UK and the EU will start. Where EU trade agreements apply, UK and EU content will continue to be reflected in the rules of origin of EU trade agreements until 31 December 2020, as is currently the case. Updated to reflect ongoing trade negotiations with Turkey and Vietnam Exporters have diverted £50 billion of trade to third countries since the Brexit referendum, undermining the “trade gravity model”, say researchers List of trade agreements EUCommons Library Research Briefing, updated on 28 February 2019List of EU trade agreements in force and the government`s progress in transferring these agreements In the meantime, the Verhaha Progress with Japan has progressed somewhat since the last completion of this analysis. .