Brexit: Trade aspectsCommons Library research briefing, 9 October 2017Recommend possible options for the UK`s trade relations with the EU and third countries after Brexit Continuing to implement EU trade agreements after BrexitInterest Trade Committee report, 7 March 2018Why trade with 70 nations is likely to fall off a stumbling block if the government does not act quickly, To reverse EU trade agreements Today, the UK benefits from more than 40 EU trades, reducing the cost of tariffs in trade outside the EU. Once the transition is complete, they become invalid. However, the UK has agreed with more than 20 countries on business continuity agreements applicable from 1 January 2021. They will launch negotiations between Britain and the United States as soon as possible and cooperate with Japan and the other countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, such as Australia, New Zealand and Canada. The delays have been partly caused by companies stockpiling goods if Britain and the European Union fail to reach an agreement. Like the spirit of The coming Christmas, the ties served as a harbinger of the even greater chaos that could erupt if both sides suddenly imposed tariffs and other trade barriers.