As the United Kingdom prepares to leave the European Union, many aspects of the withdrawal process are being negotiated and finalized. One key component of this process is the Withdrawal Agreement, which outlines the terms of the UK`s departure from the EU and provides a framework for future relations between the two entities.
One instrument that has been discussed in relation to the Withdrawal Agreement is the protocol on Ireland/Northern Ireland. This protocol is designed to maintain the integrity of the EU`s single market and customs union, while also addressing concerns about the impact of Brexit on the island of Ireland. The protocol includes provisions related to customs declarations, tariffs, and regulatory alignment, and is intended to ensure that there is no hard border between Northern Ireland and the Republic of Ireland.
Another instrument related to the Withdrawal Agreement is the Implementation Period, which will run from the date of the UK`s departure from the EU until December 31, 2020 (or longer if both parties agree). During this period, the UK will continue to follow EU rules and regulations, and will be subject to the jurisdiction of the European Court of Justice. The Implementation Period is intended to allow both the UK and the EU to prepare for their future relationship, and to give businesses and individuals time to adjust to the changes that will occur after Brexit.
In addition to these instruments, the Withdrawal Agreement also includes provisions related to citizens` rights, financial settlements, and governance. Together, these instruments provide a comprehensive framework for the UK`s departure from the EU, and lay the groundwork for future negotiations on issues such as trade, security, and cooperation.
As the UK and the EU continue to negotiate the details of the Withdrawal Agreement, it is important for all stakeholders to stay informed about the instruments that are being discussed and their implications. By understanding the terms of the Withdrawal Agreement, businesses and individuals can better prepare for the changes that will occur after Brexit, and can work to ensure that their interests are protected during the transition period and beyond.