Brexit Agreement Dates

Brexit Agreement Dates: All You Need to Know

The United Kingdom`s exit from the European Union, popularly known as Brexit, has been a hot topic since the referendum back in 2016. After months of negotiations between the UK and the EU, a Brexit agreement was finally reached. The agreement contains the terms and conditions regarding the UK`s departure from the EU, including a detailed timeline of events leading up to Brexit. In this article, we`ll be talking about the important Brexit agreement dates that you need to know.

The Withdrawal Agreement

The Withdrawal Agreement is the legal document that was negotiated between the UK and the EU. It outlines the terms of the UK`s departure from the EU, including financial settlements, citizens` right, and the transition period. The agreement was reached on 17 October 2019.

The Transition Period

The transition period is the time frame between the UK`s exit from the EU and the full implementation of the new arrangements. It allows the UK and the EU to negotiate and implement the new arrangements that will govern their relationship post-Brexit. The transition period began on 1 February 2020 and ended on 31 December 2020.

Ratification by UK Parliament

The UK Parliament needed to approve the Withdrawal Agreement before it could come into effect. The agreement was put to a vote in Parliament on 9 January 2020 and was approved by MPs. The agreement was then signed by the UK government and the European Union on 24 January 2020.

Ratification by EU Parliament

The European Parliament also needed to approve the Withdrawal Agreement. The agreement was put to a vote in the European Parliament on 29 January 2020, and it was approved by MEPs.

Brexit Day

Brexit Day is the day that the UK officially left the EU. It was on 31 January 2020. On this day, the UK`s membership of the EU ended, and the transition period began.

End of Transition Period

The end of the transition period was on 31 December 2020. From this date, the UK was no longer bound by the EU`s rules and regulations, and the new arrangements governing the relationship between the UK and the EU came into effect.

In conclusion, the Brexit agreement dates are crucial in understanding the timeline of events that lead to the UK`s departure from the EU. These dates provide a clear picture of the negotiations and ratifications that took place, as well as the implementation of the new arrangements. With this knowledge, you`ll be better equipped to understand the impact of Brexit on various industries and the economy in general.

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