15 Nov 2018
AP — The draft divorce agreement between Britain and the European Union has two parts: a legally binding withdrawal agreement, which runs more than 580 pages, and a looser political declaration on future relations.
Some key points:
Transition period: Britain will leave the EU on March 29 but remain inside the bloc’s single market and bound by its rules until the end of December 2020, while the two sides work out a new trade relationship. The transition period can be extended by joint agreement before July 1, 2020 if both parties decide more time is needed.
Irish border: The deal commits the two sides to a “backstop” solution to guarantee the border between EU member Ireland and the U.K.’s Northern Ireland remains free of customs posts or other obstacles.
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