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Developments On The Brexit

The opposition party in Britain is proposing a "soft Brexit" that would keep Britain in the EU customs union and single market for a transition period after the 2019 Brexit deadline. This could facilitate tariff-free trade but also requires accepting free movement of people, which was a reason for Brexit. Recent developments also hint that Britain may compromise on independence from the European Court of Justice after leaving the EU. For negotiations to continue, the EU demands clarity on the status of EU/British migrants, Britain's financial obligations, and the Irish border issues outlined in the withdrawal agreement. Resolving these outstanding issues is key to meaningful negotiations on Brexit and future trade agreements.

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38 views

Developments On The Brexit

The opposition party in Britain is proposing a "soft Brexit" that would keep Britain in the EU customs union and single market for a transition period after the 2019 Brexit deadline. This could facilitate tariff-free trade but also requires accepting free movement of people, which was a reason for Brexit. Recent developments also hint that Britain may compromise on independence from the European Court of Justice after leaving the EU. For negotiations to continue, the EU demands clarity on the status of EU/British migrants, Britain's financial obligations, and the Irish border issues outlined in the withdrawal agreement. Resolving these outstanding issues is key to meaningful negotiations on Brexit and future trade agreements.

Uploaded by

earthwo
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We take content rights seriously. If you suspect this is your content, claim it here.
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Developments on the Brexit

What is the issue?

As the EU and Britain enter for the next round of Brexit negotiations, EU
demands more clarity on certain issues before Britain decides on post-Brexit
arrangements.

What are the recent developments?

The opposition party is putting forth the idea of a "soft Brexit".


Firstly, this means Britain remaining in the EUs customs union and
single market for a transition period after the March 2019 Brexit deadline.
This would perhaps facilitate tariff-free trade, and the much-needed certainty
to businesses and consumers.
However, it also implies the acceptance of the principle of free movement of
people within the EU bloc, which was earlier one of the prime reasons for the
Brexit.
Secondly, the initial call for Brexit had firmly asserted the need for Britain's
independence from the European Court of Justice on national sovereignty
concerns.
However, recently, the ruling Conservative Party has hinted a possibility of
the continued role of the Court well after Britains exit from the EU.
Britain Prime Minister Theresa May is compromising on her earlier stance to
leave both, as she lost her parliamentary majority in the recent elections.

What is the way forward?

The withdrawal agreement as understood from Article 50 of the Treaty on


European Union entails three distinct elements -

1. status of British and EU migrants resident in their respective territories


2. the financial settlement of Londons outstanding dues
3. reconfiguration of the EU-UK border between Northern Ireland and the
Republic of Ireland.

The European Union insists that these key issues of withdrawal be dealt and
settled before any post-Brexit discussions begin.
A resolution of these outstanding issues only would ensure a meaningful
negotiation on the Brexit as well as any future trade agreement between the
two parties.

Source: The Hindu

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