Britain leaves Eu­ro­pean Union - then what?

Muscat Daily - - WORLD -

Lon­don, UK - As Britain is to leave the Eu­ro­pean Union on Fri­day, here are the key mo­ments ahead:

Jan­uary 29: Eu­ro­pean par­lia­ment - Now that it has been ap­proved by Bri­tish law­mak­ers, the Brexit agree­ment must also be rat­i­fied by the Eu­ro­pean Par­lia­ment.

MEPs who have been wait­ing to see what Lon­don does af­ter years of po­lit­i­cal wran­gling, are ex­pected to ap­prove the deal on Jan­uary 29.

Jan­uary 31: Brexit - Three Brexit dead­lines came and went be­fore the Bri­tish par­lia­ment fi­nally rat­i­fied the di­vorce agree­ment.

Britain is to leave the Eu­ro­pean Union at 2300 GMT on Jan­uary 31, 43 months af­ter the coun­try voted in a June 2016 ref­er­en­dum to leave the EU.

Noth­ing will change for most peo­ple in Britain thanks to the tran­si­tion pe­riod, which pre­serves the sta­tus quo un­til at least De­cem­ber 31, 2020.

But Britain will lose its rep­re­sen­ta­tion and vot­ing rights in the EU in­sti­tu­tions. This in­cludes hav­ing no Bri­tish mem­bers of the Eu­ro­pean Par­lia­ment.

Fe­bru­ary/March: Trade talks be­gin - Britain says it is ready to start trade talks on Fe­bru­ary 1, but EU mem­bers states are still dis­cussing what they want from the ne­go­ti­a­tions.

Bri­tish Prime Min­is­ter Boris

John­son is to flesh out his ideas for a free trade agree­ment along the lines of a re­cent EU deal with Canada, in a speech in early Fe­bru­ary.

The EU man­date could be ap­proved by na­tional min­is­ters on Fe­bru­ary 25, of­fi­cials in Brus­sels sug­gest, which would mean talks could be­gin around March 1.

Britain is hop­ing to open trade talks with the US and other non-EU coun­tries around the same time.

Trade is not the only is­sue that must be re­solved with Brus­sels, how­ever. Britain and the EU closely co­op­er­ate on se­cu­rity and law en­force­ment, ed­u­ca­tion and en­ergy among many other is­sues.

July 1: Ex­ten­sion dead­line - The tran­si­tion pe­riod is sched­uled to last un­til De­cem­ber 31, 2020.

Britain can ask to ex­tend this for one or two years, but must in­form the EU of its re­quest by July 1.

John­son in­sists he will not do this, say­ing that Britain must be free of EU rules and reg­u­la­tions as soon as pos­si­ble.

De­cem­ber 31: Tran­si­tion ends - With­out an ex­ten­sion or a trade agree­ment, re­la­tions be­tween Britain and the EU will be sev­ered at the end of 2020.

A new deal would al­low the two sides to em­bark on a new part­ner­ship.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.