After years of negotiations and political turmoil, the United Kingdom and the European Union finally reached a Brexit agreement. The deal outlines the terms for the UK`s withdrawal from the EU and the future relationship between the two entities. In this article, we will delve into the details of the Brexit agreement and what it means for both parties.
Transition Period
The Brexit agreement includes a transition period that will last until December 31, 2020. During this time, the UK will continue to follow EU rules and regulations, but it will not have any representation in EU institutions. This period can be extended by up to two years if both parties agree.
Citizens` Rights
The agreement guarantees the rights of EU citizens living in the UK and UK citizens living in the EU. This includes the right to live, work, and receive healthcare in their respective host countries. Family members of EU citizens also have the right to join their loved ones in the UK.
Trade
The Brexit agreement ensures that there will be no tariffs or quotas on goods traded between the UK and the EU. However, the UK will no longer have access to the EU`s single market and customs union, which means that businesses will face new customs checks and regulatory barriers.
Fishing
The UK will regain control of its waters and will be able to decide who can fish in them. However, EU fishing fleets will be allowed access to UK waters until 2026, after which future arrangements will be negotiated.
Northern Ireland
The agreement includes a special provision for Northern Ireland, which shares a land border with the EU member state of Ireland. To avoid a hard border and protect the Good Friday Agreement, Northern Ireland will remain part of the UK customs territory but will follow some EU rules and regulations. This means that goods entering Northern Ireland from Great Britain will need to undergo checks.
Conclusion
While the Brexit agreement is a significant milestone, it is important to note that there is still much work to be done. The UK and the EU will need to continue negotiating on issues such as security, data protection, and financial services. Regardless, the agreement provides much-needed clarity and stability for businesses and citizens on both sides of the English Channel.