Details Of The Brexit Withdrawal Agreement

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The Northern Ireland Protocol, known as the Irish Backstop, was an annex to the November 2018 draft agreement outlining provisions to avoid a hard border in Ireland after the UK`s withdrawal from the European Union. The protocol provided for a provision of the safety net to deal with the circumstances in which satisfactory alternative arrangements were to come into force at the end of the transition period. This project has been replaced by a new protocol that will be described as follows. The withdrawal agreement between the European Union and the United Kingdom sets out the conditions for the UK`s orderly exit from the EU, in accordance with Article 50 of the Treaty on european Union. On 22 October 2019, the House of Commons agreed, by 329 votes to 299, to give a second reading to the revised withdrawal agreement (negotiated by Boris Johnson earlier this month), but when the accelerated timetable it had proposed did not receive the necessary parliamentary support, Johnson announced that the law would be overturned. [38] [12] 4. The next part (Articles 126-132) contains provisions relating to the transition period that extends to the end of 2020 and is necessary to move from withdrawal to future relations. The transitional period involves extending the application of existing EU legislation. The only important exception is that Britain will no longer be part of the EU`s institutions and bodies and will no longer participate in EU decision-making. The withdrawal agreement also includes a protocol on the UK`s basic sovereign territories in Cyprus and a protocol on Gibraltar, which provides for the specific issues raised by the UK`s withdrawal from the EU with regard to Gibraltar. The EU and the UK have reached an agreement on the withdrawal agreement with a revised protocol on Ireland and Northern Ireland (abolition of the “backstop”) and a revised political declaration.

On the same day, the European Council (Article 50) approved these texts. The agreement also provides for a transitional period, which will last until 31 December 2020 and can be extended by mutual agreement. During the transitional period, EU legislation will continue to apply to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies. The transition period will give businesses time to adapt to the new situation and the new era, so that the British and European governments can negotiate a new trade agreement between the EU and the UK. [17] The Declaration on The Future Relations between the European Union and the United Kingdom, also known as the Political Declaration, is a non-binding declaration that was negotiated and signed at the same time as the UK`s (UK) compulsory withdrawal agreement from the European Union (EU), commonly known as Brexit, and the planned end of the transition period. After the adoption by the British House of Lords on 22 January of the European Union Withdrawal Agreement Act, the bill received royal approval from the Queen. The European Parliament approved the agreement on 29 January. The EU and the UK reach an interim agreement. It includes a transition period until 31 December 2020, during which all EU rules will continue to apply. It also covers the border between Ireland and Northern Ireland. The UK left the EU on 31 January 2020 at midnight (23:00 GMT). A transitional period is now in effect until 31 December 2020.

During this period, all EU laws and regulations continue to apply in the UK. For businesses and the public, virtually nothing will change. This will give everyone more time to prepare for the new agreements that the EU and the UK intend to conclude after 31 December 2020.

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