|
Following the referendum of 23 June in the United Kingdom on membership of the European Union, the UK will need to negotiate its exit of the EU with the remaining Member States and the UK and EU will also aim to agree on their trade relationship once ‘Brexit’ has occurred. In this article, we look at the procedure for withdrawal as well as the different options upon which the future relationship between the EU and the UK could be based.
The withdrawal procedure
As has been widely reported in the press, the UK will not leave the EU overnight. Under Article 50 of the EU Treaty, the UK must first notify the European Council, composed of all the Member States, of its intention to leave. A period of up to two years will then follow to negotiate the...
|