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: October 17, 2019, the United Kingdom and the EU have approved a revised agreement on the withdrawal of the United Kingdom from Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, approved by the Heads of State and Government at an extraordinary European Council, a legally binding document containing provisions on the “divorce regime” between the EU and the United Kingdom and on the transitional period (agreements). The British Parliament must proceed with two authorisation procedures before the UK can ratify the withdrawal agreement. Both the EU Law (Withdrawal Act 2018) and the Constitutional Reform Act 2010 and the Governance Act (CRAG) are obstacles to the UK`s ability to ratify the negotiated agreement. The Withdrawal Act also provides for parliamentary procedure in the event of a rejection of an agreement by the House of Commons or if a negotiated agreement is ever reached. The agreement provides for a transitional period that will last until at least 31 December 2020. During this period, the UK will remain in the EU customs union and internal market, and most of the EU legislation will continue to apply to the UK, but the UK will lose the opportunity to participate in EU legislation and the benefits of free trade agreements with third countries.
In order for the UK to continue to benefit from these free trade agreements during the transition period, it will need the agreement of the EU and all third countries. In practice, trade in goods and services between the EU and the UK will therefore remain broadly unchanged during the transitional period. The withdrawal agreement negotiated between the EU and the UK and concluded on 14 November 2018 will be discussed in detail in this briefing. It was approved by the heads of state and government of EU Member States at an extraordinary European Council on 25 November, and the British Prime Minister did so in the British Parliament and across the country.