Mon Mar 19th, 2018 at 05:45:36 PM EST
UK stays in the EU until December 2020 ... yeaah!
The UK and EU agree terms for Brexit transition period | BBC News |
The transitional period is set to last from 29 March, 2019 to December 2020, and is intended to smooth the path to a future permanent relationship.
Mr Barnier said there was also an agreement on the rights of 4.5m EU citizens in the UK and the 1.2m UK citizens in the EU after Brexit, including giving EU citizens arriving in the UK during the transition the same rights and guarantees as those who arrive before Brexit.
Simon Coveney, the Republic of Ireland's deputy prime minister, tweeted:
The UK will also be able to negotiate and sign trade deals during the transition period.
Both the UK and the EU hope the terms of an agreement on the transitional period can be signed off by Mrs May's fellow leaders at the EU summit this week.
The UK prime minister said the deal showed that "with goodwill on both sides", it was possible to agree an arrangement that works for all.
"A lot of hard work has gone in to setting out this timetable and details for the implementation period once we've actually left the European Union next March so that we can move to the ... strong, economic partnership we want with the European Union for the future," she said.
And of course the annual fishing negotiations ...
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