BREXIT transition period update.
The British government decides not to request an extension of the transition period for leaving the European Union. This means that the UK will completely leave the EU on December 31, 2020.
Brexit transition period update: the UK decision
The British Prime Minister, Boris Johnson, met by videoconference Charles Michel, President of the European Council, Ursula von der Leyen, President of the European Commission and David Sassoli, President of the European Parliament, to take stock of the situation on the progress made so far in the negotiations on future relations between the United Kingdom and the European Union and to define the next actions to be taken.
The meeting revealed that the United Kingdom has decided not to request any extension of the transition period which will therefore end on 31 December 2020, as set out in the provisions of the withdrawal agreement.
BREXIT: what will happen in the next months?
The decision not to extend the transition period brings greater pressure on the negotiations, in particular on Michel Barnier, chief European negotiator, who will have to step up negotiations on future economic and trade relations between the United Kingdom and the European Union in the coming weeks.
Despite the health emergency caused by the COVID-19 pandemic, four rounds of negotiations have been completed so far.
Negotiations on future relations between the UK and the EU will continue in the next months, although it is likely that an agreement cannot be finalized before the end of 2020. However, the stakeholders have confirmed their intention to want to work fully in order to implement the withdrawal agreement in the shortest time possible and create a relationship that works in the interests of citizens of both the United Kingdom and the European Union.
BREXIT: how to prepare better?
Thema staff follows the updating to offer in short times complete strategic counseling services for what concerns the relevant new regulations as a result of Brexit.
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