Boris Johnson Withdrawal Agreement in Full
Since the United Kingdom voted to leave the European Union in a historic referendum back in June 2016, discussions and negotiations around the terms of Brexit have been ongoing. After two years of intense debate and negotiations, the UK Prime Minister, Boris Johnson, reached a Withdrawal Agreement with the EU in October 2019. This agreement has since been ratified by the UK Parliament and received consent from the EU.
In this article, we’ll take a closer look at the key details of the Boris Johnson Withdrawal Agreement in full.
One of the most important aspects of the agreement is the transition period, which will last from the date of withdrawal until 31st December 2020. During this period, the UK will continue to follow EU rules and remain part of the EU’s customs union and single market. However, the UK will no longer be represented in EU decision-making bodies.
As a member of the EU, the UK had made commitments to contribute to the EU’s budget. The Withdrawal Agreement sets out the financial settlement that the UK will have to pay to settle these commitments. The amount is estimated to be between £35-£39 billion.
The agreement also sets out the rights of EU citizens already living in the UK and UK citizens living in the EU. These citizens will have a grace period until 30th June 2021 to apply for settled status in the UK or their host country.
One of the most contentious issues throughout the Brexit negotiations has been the question of how to maintain an open border between Northern Ireland and the Republic of Ireland. The Withdrawal Agreement includes a protocol on Northern Ireland that provides for a special status for Northern Ireland, with the possibility of aligning with EU rules to prevent the need for a hard border.
The Withdrawal Agreement also lays the groundwork for the future relationship between the UK and the EU. Negotiations on this relationship will take place during the transition period and will determine areas such as trade, security and defence cooperation, and foreign policy cooperation.
The Boris Johnson Withdrawal Agreement in full sets out the terms of the UK’s withdrawal from the EU and paves the way for future negotiations on the UK’s relationship with the EU. While the agreement has been ratified by both the UK and the EU, there is still much to be done before the UK fully leaves the EU on 31st December 2020.