Article 50 - Implications of implementation, framework negotiations , challenge of completion Brexit Update
What is the process for the UK leaving the EU? The only formal process for leaving the EU comes through Article 50 of the Treaty on European Union (TEU). The government of the withdrawing state notifies the European Council of its wish of leaving the EU. This triggers the negotiation process around the transitional arrangement and also any future arrangement between the EU and the leaving state. Two years is allotted for the negotiations, during which all EU laws continue to apply to the leaving state. If no agreement is reached after two years, all EU rules and rights cease to apply to the withdrawing country – unless the period is extended by unanimous agreement of the other 27 states. The leaving country is not part of any discussions around the agreement and is essentially presented with a take-it-or-leave-it offer at the end of the negotiations. Any trade deal must also be approved by the European Parliament. the following video discusses the possibility of a two year extension a...