The Bahamas Maintains Trade Relations with UK post-Brexit
5 Feb 2020
The UK signed trade deals with various countries to ensure trade continuity
The UK formally left the European Union (EU) on January 31st, 2020. Prior to its exit from the EU, the UK signed several post-Brexit trade deals with various countries to ensure trade continuity.
On Wednesday, November 27th, 2019, The Bahamas became the latest country of the Caribbean Community (CARICOM) to ensure trade continuity with the UK, with the signage of the CARIFORUM-UK EPA, following on from the ten-year-old economic partnership agreement (EPA) signed between the Caribbean Forum (CARIFORUM) and the European Union.
For most CARIFORUM countries, including The Bahamas, the UK is a major trading partner. The CARIFORUM-UK EPA will ensure quota free duty free preferential access of goods from CARIFORUM States into the UK market continues. It also allows the services and investments of CARIFORUM Member States preferential access into the UK market.