The impact of Brexit on Lithuanian citizens and businesses: a “soft” agreement brings more bureaucracy, but we will avoid tariffs

The long-awaited Brexit trade agreement has been signed – from January 1 onward, the European Union and the United Kingdom will begin interacting based on a new set of rules and so, Lithuanian businesses and citizens will also face changes. One of the most important aspects is that tariffs and quotas will not be applied on trade as was feared previously, but due to customs procedures, goods from UK stores will take longer to arrive. Novelties await for businesses as well, hauliers and exporters in particular.