Brexit Agreement In Principle

[143] According to a speech by Mr Barnier in September 2017, the EU should set the conditions for a transitional period if the UK so requests, and the transitional period is part of the Withdrawal Agreement provided for in Article 50 [132] “The Union supports this agreement and intends to continue its ratification. It is not open to renegotiation.┬áThe European Council adopted a decision extending the period referred to in Article 50(3) in the context of the United Kingdom`s intention to leave the EU. The extension is until 31 January 2020 in order to have more time to ratify the Withdrawal Agreement. A neutral body would be set up to determine whether such a case has occurred; it should also be able to sanction infringements. The two parties would then either agree on harmonisation or decide to introduce border controls and import rules for the products concerned. In many cases, this would bring the agreement on standards back to the implementation phase. . . .

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