In the absence of such an agreement at the end of the period referred to in Article 50 of the Treaty on European Union, EU law and other agreements would no longer have been applied to the interactions established between the United Kingdom and the rest of the EU. In addition, the UK`s interactions with third countries, governed by EU agreements with these countries, may have had to be renegotiated. The UK left the EU on 31 January 2020 at midnight Eastern European Time (23:00 GMT). A transitional period now applies until 31 December 2020. During this period, all EU rules and laws continue to apply in the UK. For businesses and the public, virtually nothing will change. This will allow everyone to prepare for the new agreements that the EU and the UK intend to conclude after 31 December 2020. The other 27 EU member states are ready to allow the UK to postpone its withdrawal (the UK was due to leave the EU on 29 March 2019). If the UK Parliament approves the withdrawal agreement by 29 March at the latest, Brexit will be postponed until 22 May in order to have time to pass the necessary laws. If the British Parliament has not approved the agreement by then, Brexit will be postponed until 12 April. The Brexit Withdrawal Agreement officially entitled “Withdrawal Agreement of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community” is a treaty signed on 24 January 2020 between the European Union (EU), Euratom and the United Kingdom (UK), which sets out the conditions for the United Kingdom`s exit from the EU and Euratom. The text of the treaty was adopted on 17 Published on 1 October 2019, it is a renegotiated version of an agreement published six months earlier.
The previous version of the Withdrawal Agreement was rejected three times by the House of Commons, leading Queen Elizabeth II to accept Theresa May`s resignation as Prime Minister of the United Kingdom and appoint Boris Johnson as the new Prime Minister on 24 July 2019. The EU Withdrawal Agreement itself is a legally binding document. It contains the conditions for the UK`s exit from the EU and covers more than 500 pages, including the first agreements on citizens` rights, the UK`s financial commitments to the EU and the Protocol on Northern Ireland, which sets out provisions for maintaining an open border on the island of Ireland.