The UK Economic Partnership Agreement (EPA) with the European Union (EU) has been implemented, effective from 2021-01-01. This agreement sees the UK imposing the same product tariffs and tax rates as the EU. However, 25 items with import quotas in the European EPA will not be subject to these restrictions in the UK. The UK will apply low tariffs to its products, provided that 10 items such as soft cheese, cocoa, and flour-adjusted products, and any remaining European EPA import quotas allow. The agreement also stipulates that import restrictions may be implemented by either the UK or the EU, or if the total import volume surpasses the European EPA's triggering standard quantity. Additionally, the UK has immediately removed tariffs on major exports of interest to the EU, including beef and tea.