What Is The Agreement For Brexit

On 17 October 2019, the UK and the EU agreed on the terms of the UK`s exit from the EU (Brexit) and a transitional period until 31 December 2020. The EU wants to continue to forge a close partnership with the UK. We believe that it is possible to reach a fruitful agreement on the basis of the political declaration. However, it is important that we prepare for all possible outcomes of the negotiations. This includes preparing not to reach an agreement. The European Union and the United Kingdom have approved the withdrawal agreement. The British Parliament and the European Parliament have yet to approve the withdrawal agreement. The EU withdrawal agreement is a legally binding document. It contains conditions for the UK`s withdrawal from the EU of more than 500 pages, including the first agreements on citizens` rights, the UK`s financial commitments to the EU and the Northern Ireland Protocol, which establish provisions for maintaining an open border on the island of Ireland. The withdrawal agreement was adopted by the European Council on 19 October 2019 in its final form, which was confirmed in the declaration that a political agreement had been reached and that the United Kingdom had reached an agreement with the European Union in accordance with Article 50, paragraph 2, of the Treaty on European Union. The agreement covers issues such as money, citizens` rights, border agreements and dispute resolution. It also includes a transition period and an overview of the future relationship between the UK and the EU.

It was published on 14 November 2018 and was the result of the Brexit negotiations. The agreement was approved by the heads of state and government of the other 27 EU countries[9] and by the British government led by Prime Minister Theresa May, but it faced opposition from the British Parliament, which needed approval for ratification. The approval of the European Parliament would also have been necessary. On January 15, 2019, the House of Commons rejected the withdrawal agreement by 432 votes to 202. [10] The House of Commons again rejected the agreement by 391 votes to 242 on 12 March 2019 and rejected it a third time, on 29 March 2019, by 344 votes to 286. On 22 October 2019, the revised withdrawal agreement negotiated by Boris Johnson`s government approved the first phase in Parliament, but Johnson halted the legislative process when the accelerated approval programme failed to receive the necessary support and announced his intention to declare a general election. [12] On 23 January 2020, Parliament ratified the agreement by adopting the withdrawal agreement; On 29 January 2020, the European Parliament approved the withdrawal agreement. It was then concluded by the Council of the European Union on 30 January 2020. Free trade agreement: The EU and the UK want to agree on this – a country-to-country agreement that encourages trade by removing barriers such as goods taxes. This means that negotiations on the UK`s withdrawal from the EU can begin.

The EU and the UK have two years to reach an agreement.