Withdrawal Agreement End Of Transition Period
The transitional period under the withdrawal agreement expires on 31 December 2020. It is no longer possible to extend this period. This would have required a joint decision on an extension until 1 July 2020. The United Kingdom has missed this deadline. On 17 October 2019, the UK and the EU agreed on the terms of the UK`s exit from the EU (Brexit) and a transitional period until 31 December 2020. On 31 January 2020, the United Kingdom left the European Union, 47 years after joining the European Economic Community. We are now in a “transition phase” in terms of our relations with the EU. This period will run until 31 December 2020, in accordance with the withdrawal agreement reached in October 2019 between the UK and the EU. The United Kingdom (United Kingdom) left the European Union (EU) on 31 January 2020. A transitional period is now in effect until 31 December 2020. During this period, the UK will have to comply with all EU rules and legislation. For businesses and the public, virtually nothing will change. After the transition period, there will be changes, whether or not an agreement is reached on the new relationship between the UK and 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.   Finland is represented at the European Council by the Prime Minister and the General Affairs Council by the Minister for European Affairs. In addition, an ad hoc group on Article 50, made up of experts from the Member States, has been set up to assist the Council in the withdrawal negotiations. The group met weekly in Brussels. On 9 July 2020, the European Commission published a “custody communication” to prepare for the end of the transition period between the EU and the UK. To support this approach, the European Commission is reviewing the more than 90 sectoral stakeholder preparedness notifications published during the Article 50 negotiations with the UK.