Agreements with the following countries and trading blocs are expected to enter into force from 1 January 2021, when existing EU trade agreements will no longer apply to the UK. In the absence of a continuity agreement, trade with these countries would return to less favourable terms for the World Trade Organisation. « Britain`s agreement with Singapore, a state with which it shares close historical ties, is the second in Asia and the first with an ASEAN country, » said Trade expert Dr Totis Kotsonis, also from Pinsent Mason. .