UK passes crucial Brexit milestone, paving the way for trade talks

UK passes crucial Brexit milestone, paving the way for trade talks


Agreeing on these three issues was initially seen by many as the easiest part of the U.K.’s departure from the EU, but quickly became complicated and time consuming. European leaders are now set to approve the latest joint deal on Thursday at a summit in Brussels. However, the process is far from concluded.

“We still have a lot of work to do,” Juncker said, “the joint report is not the withdrawal agreement,” he pointed out.

The EU and the U.K. have yet to agree on a future trade deal, as well as on a possible transition period before any future relationship officially begins.

There were fears that following a couple of months of delay in the negotiations, the process of the U.K.’s departure from the EU could be at risk. The country is set to leave the Union on March 29, 2019 — meaning that negotiators have a couple of months to talk trade before the deal is sent through the many steps of European lawmaking and approved in time.

“So much time has been devoted to the easier part of the task. And now, to negotiate a transition arrangement and a framework for our future relationship, we have de facto less than a year,” European Council President Donald Tusk warned Friday morning.



Source : cnbc.com

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