The phrase Brexit is an abbreviation of the phrase “British exit”, which suggests British exit.
The London administration and EU officers try to agree on how their future relationship will work.
Regardless that Brexit came about on January 31, 2020, each events nonetheless must set the foundations for his or her new relationship. These guidelines; It contains every little thing together with commerce, immigration, aviation, safety and entry to fishing waters.
These guidelines have to be negotiated and signed by the EU and UK Parliaments by the top of the yr.
England Prime Minister Boris Johnson says a commerce deal have to be executed by October 15 if the brand new relationship is to be prepared in its time period.
The UK left the EU on 31 January 2020 with an settlement referred to as the withdrawal settlement. Nevertheless, this settlement didn’t reveal the long run relationship, however solely the method of how the UK would go away the EU.
The deal covers residents’ rights, find out how to cease checks alongside the Irish border, and the UK’s monetary facet.
The transition interval is an 11-month part that begins instantly after Brexit day. The method is designed to offer house for each events to barter their future relationship. The transition interval will finish on 31 December 2020.
Throughout this time, the UK nonetheless follows EU guidelines and commerce between the 2 continues as earlier than.