EU's decisions on Britain's Brexit transition

by VTV430 January 2018 Last updated at 07:32 AM

VTV.vn - The European Union agreed on Monday to offer Britain a 21-month transition period after Brexit next year, during which it will keep the "status quo" of EU membership without getting a vote.

Britain is set to leave the EU in March 2019 and the remaining 27 member states have now prepared their joint stance on what they expect of London during a transition period until the end of 2020.

The EU's chief negotiator, Michel Barnier, told reporters after the meeting that EU laws would continue to apply to Britain during the transition, while the country would remain under the European Court of Justice's jurisdiction. Barnier also warned that it might not be able to benefit from trade deals the EU has with other countries during the transition. While the bloc is open in principle to extending Britain's transition period, Swedish EU affairs minister Ann Linde made clear she did not want to get stuck in protracted trade negotiations to fix London's future relationship with the bloc.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-11-22 15:14 UTC