26 Nov 2018
AP — The European Union has formally approved a divorce agreement with Britain, the first country ever to leave the 28-nation bloc. The deal consists of a legally binding withdrawal agreement that runs more than 580 pages, and a 26-page 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 be 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 for up to two years before July 1, 2020, if both parties decide more time is needed.
Link to AP.
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