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What is Brexit?

 What is the Withdrawal Agreement?

The Withdrawal Agreement establishes the conditions for the withdrawal of the United Kingdom from the European Union and from the European Atomic Energy Community (EURATOM). The text was agreed by negotiators on 14 November 2018 and endorsed on 25 November 2018 by the Extraordinary European Council on Article 50. It is pending the signing by and ratification of the United Kingdom and the EU


 

 What is the transitional period?

The transition period is a period provided for in the Withdrawal Agreement from 30 March 2019, the date on which the United Kingdom becomes a third country, and 31 December 2020, with the possibility of a one- or two-year extension. During this period, the provisions of the Withdrawal Agreement will apply aimed at facilitating an orderly withdrawal and offering sufficient time to negotiate and conclude the agreement that will govern any future relations between the two parties.

The text agreed between the negotiators of the European Union and of the United Kingdom on 14 November 2018 provided for the continued application during this period by the United Kingdom of practically the whole EU acquis despite no longer forming part of the decision-making process of the European Union.

 

What will happen in the absence of an agreement?

If the Withdrawal agreement is not ratified, the Treaties and the whole EU acquis will cease to apply to relations with the United Kingdom on 30 March 2019. This scenario is known as the cliff-edge. The United Kingdom will become a third country and will not participate in the internal market or the freedoms related thereto.

The Government of Spain is adopting the necessary measures, both at an internal level and in coordination with the EU institutions and other Member States so that, in the event that the Withdrawal Agreement is not signed and ratified by 30 March 2019, the impact on our citizens and economic operators will be minimal. This preparatory work is also incumbent on citizens and economic operators.