Brexit: Negotiators Agree To A 21-Month Transition Process

Britain's Secretary of State for Exiting the European Union David Davis left and European Union's chief Brexit negotiator Michel Barnier met over the weekend in Brussels where they reportedly made a breakthrough
Brexit: Negotiators Agree To A 21-Month Transition Process

20 March, 2018

A weekend of intensive talks, however, has broken the deadlock - for now. "The border issue has not been resolved at this stage and we didn't expect it to be", a party source told Reuters.

The Brexit transition deal agreed with the European Union needs to be endorsed by regulators so businesses are able to use the agreement to put on hold plans to move jobs and operations out of Britain, the City of London policy chief said. This year, Prime Minister Theresa May insisted that the rights of those newcomers would be "different".

He added that Britain would now allow European Union citizens moving to Britain during the transition phase to have the same rights to work and live in the country as those who arrived before, a policy London previously rejected. But while Dublin and Brussels are focused on finding a solution within the context of the future trade relationship London continues to explore technological ways of avoiding a hard border.

"But it remains our intention to achieve a partnership that is so close as to not require specific measures in relation to Northern Ireland and therefore we will be engaged in detail on all the scenarios set out in the joint report", he stated.

Longer term, the transition deal may buy people time but business still faces a "cliff edge" of uncertainty come 2021.

Britain and the European Union on Monday reached a landmark deal on a transition phase that will see London follow the bloc's rules for almost two years after the Brexit divorce.

A decisive step remains a step.

More news: Pompeo Could Succeed Where Tillerson Failed

Burning the midnight oil for many days, negotiators from both sides of the English Channel agreed on Monday on a "large part" of a transitional agreement of Brexit, paving the way for Britain's orderly withdrawal from the European Union (EU). Those deals would then take effect once Britain was free to do so in 2021.

A step forward, but not there yet - the United Kingdom and the European Union (EU) have managed to agree on a "large part" of the terms and conditions that can deliver an "orderly withdrawal" version of Brexit.

The Leave Means Leave campaign accused him of "caving in" on the Irish border.

More troublingly for May's prospects of steering the treaty through parliament, her own party's leader in Scotland, fierce Brexit critic Ruth Davidson, said the transition was a bad deal - for letting the European Union retain power over British fishing grounds. "And this option will allow citizens who so wish, to have immediate legal certainty on their right of residence after the transition period", said Barnier.

"We need to get on with this now", Davis said about the trade talks, adding that he wanted the future deal to be the "most comprehensive and most effective ever".

We reiterate that nothing is agreed until everything is agreed and the European Parliament, as with the European Council, will decide independently whether the final negotiated withdrawal agreement is acceptable or not.

More news