The Brexit Agreement Summarised

Gepostet von am Okt 11, 2021 in Allgemein | Keine Kommentare

The agreement also provides for a transitional period that will last until 31 December 2020 and may be extended by mutual agreement. During the transition period, EU legislation remains applicable to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies. The transition period will give businesses time to adjust to the new situation and the UK and EU governments to negotiate a new EU-UK trade deal. [29] The central point of the opinion concerned the legal effect of the Backstop Agreement on Northern Ireland, the Republic of Ireland and the rest of the United Kingdom with regard to the customs border between the European Union and the United Kingdom and its impact on the Good Friday Agreement that led to the end of the unrest in Northern Ireland, and in particular on the security of the United Kingdom, to be able to leave the EU in practice, in accordance with the draft proposals. The 2019 revisions also adapted elements of the political declaration and replaced the word „appropriate“ with „appropriate“ with respect to labour standards. According to Sam Lowe, a fellow at the Centre for European Reform, the amendment excludes labour standards from dispute settlement mechanisms. .