The final withdrawal agreement is a crucial piece of legislation that outlines the terms of the United Kingdom`s exit from the European Union. The agreement was signed on January 24th, 2020, and came into effect on February 1st, 2020. This agreement is a monumental achievement and marks the end of four long years of negotiations.
The agreement brings an end to the UK`s membership in the EU, and it sets the terms for the UK`s future relationship with the bloc. It includes several key provisions that cover various aspects of the relationship, such as trade, migration, security, and education.
One of the most significant provisions of the agreement is the trade agreement, which provides for tariff-free trade between the UK and the EU. This agreement ensures that businesses can continue to trade freely with the EU, and it also provides certainty for businesses on both sides of the Channel.
Another important provision of the agreement is the migration agreement, which sets out the terms for the movement of people between the UK and the EU. Under this agreement, EU citizens will be able to continue to live and work in the UK, and UK citizens will be able to continue to do the same in the EU.
The agreement also includes provisions for security and defense cooperation, which will allow the UK and the EU to work together to combat terrorism and other threats. Furthermore, the agreement covers education, ensuring that UK citizens will be able to continue to study in the EU and vice versa.
Overall, the final withdrawal agreement is an important piece of legislation that ensures a smooth exit for the UK from the European Union. It provides certainty for businesses and individuals and sets the stage for a positive future relationship between the UK and the EU. While negotiations were long and challenging, the result is a comprehensive agreement that is in the best interest of both parties.