The British Parliament approved the draft agreement by adopting on 23 January 2020 the implementing laws (the 2020 Withdrawal Agreement Act) of the European Union (withdrawal agreement). Following the signing of the agreement, the UK Government adopted and tabled the UK`s ratification instrument on 29 January 2020. [7] The agreement was ratified by the Council of the European Union on 30 January 2020, after approval by the European Parliament on 29 January 2020. The UK`s withdrawal from the EU came into force on 31 January 2020 at 11 .m GMT, when the withdrawal agreement came into force in accordance with Article 185. The UK has launched the formal process of withdrawal negotiations by formally announcing the European Council`s intention to leave the EU. The agreement also provides for a transitional period, which will last until 31 December 2020 and can be extended by mutual agreement. During the transitional period, EU legislation will continue to apply to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies. The transition period will give businesses time to adapt to the new situation and the new era, so that the British and European governments can negotiate a new trade agreement between the EU and the UK. [17] [18] The EU and the UK reach an interim agreement on citizens` rights and the financial regime of Brexit. The withdrawal agreement between the European Union and the United Kingdom sets out the conditions for the UK`s orderly exit from the EU, in accordance with Article 50 of the Treaty on european Union. The EU and the UK reach an interim agreement. It includes a transition period until 31 December 2020, during which all EU rules will continue to apply. It also covers the border between Ireland and Northern Ireland.
The House of Commons votes on the Brexit bill. This means that the UK is on track to leave the EU on 31 January. However, the House of Lords and the European Parliament have yet to approve the agreement.