Eu Withdrawal Agreement Treaty

The EU Withdrawal Agreement Treaty: What You Need to Know

Since 2016, the subject of Brexit has dominated the political landscape in the UK and the EU. One of the most significant milestones in the Brexit process was the ratification of the EU Withdrawal Agreement Treaty. This agreement sets out the terms of the UK`s departure from the EU and outlines the future relationship between the two entities. In this article, we will explore the key points of this treaty and how it will impact the UK and the EU.

What is the EU Withdrawal Agreement Treaty?

The EU Withdrawal Agreement Treaty, also known as the Brexit deal, is a legal document that sets out the terms of the UK`s departure from the EU. It covers three main areas: the rights of UK and EU citizens, the financial settlement, and the protocol on Northern Ireland.

The rights of UK and EU citizens

The EU Withdrawal Agreement Treaty guarantees the rights of UK and EU citizens who have made the decision to live and work in each other`s countries. This includes the right to remain, work, and access public services. The agreement also provides for the protection of social security rights and the recognition of professional qualifications.

Financial settlement

The financial settlement, also known as the divorce bill, refers to the financial obligations that the UK must pay to the EU as part of its departure. The EU Withdrawal Agreement Treaty sets out the terms of this settlement, which includes paying the outstanding contributions to the EU budget and fulfilling financial commitments made during the UK`s membership of the EU.

Protocol on Northern Ireland

The protocol on Northern Ireland is one of the most significant and controversial aspects of the EU Withdrawal Agreement Treaty. It aims to avoid a hard border between Northern Ireland and the Republic of Ireland and preserve the Good Friday Agreement. It creates a special economic relationship between Northern Ireland and the EU, which means that Northern Ireland will remain part of the EU`s single market for goods. However, this has led to concerns about the impact on Northern Ireland`s relationship with the rest of the UK.

What impact will the EU Withdrawal Agreement Treaty have?

The EU Withdrawal Agreement Treaty will have a significant impact on the UK and the EU. It will provide certainty for citizens and businesses, as it sets out the terms of the UK`s departure and the future relationship between the UK and the EU. It will also provide for a transitional period until the end of 2020, during which the UK will continue to follow EU rules and regulations.

However, there are concerns about the impact of the treaty on Northern Ireland and the potential for it to create new barriers to trade between Northern Ireland and the rest of the UK. The UK and the EU will need to continue to work together to resolve these issues and ensure that the treaty works for all parties.

In conclusion, the EU Withdrawal Agreement Treaty is a significant milestone in the Brexit process. It sets out the terms of the UK`s departure from the EU and outlines the future relationship between the two entities. It provides certainty for citizens and businesses, but there are still concerns about the impact on Northern Ireland and the potential for new barriers to trade. As the UK and the EU continue to navigate the Brexit process, it will be essential to work together to ensure a smooth and beneficial transition.