The withdrawal agreement provided for an extension of the transition period to avoid the “non-deal” of Brexit if no agreement between the EU and the UK could be reached by 31 December 2020. Such an extension should have been requested until July 2020. Following a statement by Prime Minister Boris Johnson that he would not use this option and that 11 months would be enough to reach a comprehensive agreement, the British government added a provision to the 2020 Law to prohibit a British minister who wants such an extension, and no extension was sought. Since January, the UK has been able to negotiate its future trade relationships with other countries around the world. If the negotiations are not successful, there will be a Brexit without a deal. This view provides a guide to the withdrawal agreement and the expiry of the transition period. The withdrawal agreement provides for a transitional period until 31 December 2020, during which time the UK will remain in the internal market, to ensure the smooth flow of trade until a long-term relationship is concluded. If no agreement is reached by then, the UK will leave the single market without a trade deal on 1 January 2021. The withdrawal agreement is closely linked to a non-binding political declaration on future relations between the EU and the UK. 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.
Since March, the EU and the UK have continued regular negotiations despite the difficulties associated with the COVID 19 pandemic. The EU is conducting its negotiations on the basis of the mutually agreed political declaration. However, significant differences have not yet been resolved in some areas. These differences include fair competition, horizontal management of each agreement and fisheries. EU and UK negotiators Michel Barnier and David Frost and their teams have recently stepped up their negotiations. The clock is ticking, because an agreement must be reached quickly to have time for ratification by the European Parliament. What does the WAB cover? Among other things: 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. Thanks to the withdrawal agreement, citizens and businesses did not change when the UK withdrew from the EU on 1 February 2020. The agreement defines the goods, services and processes associated with them. Any provision of goods or services legally put on the market before leaving the EU may be made available to consumers in the UK or in the EU Member States (Article 40-41). Most of these instruments are expected to come into effect on the day of release (11 p.m. on January 31, 2020).