Thursday, 15 February 2018

EU 'removes transition punishment clause' from draft text of arrangement for Brexit transition period



EU diplomats have removed a so-called "punishment clause" from a draft text of the arrangement for the Brexit transition period, the BBC understands.

 
A footnote published by the European Commission last week suggested that the UK would lose access to elements of the European single market if it broke EU rules during the transition period.


But officials have now promised new wording that makes reference to the EU's standard infringement procedures.


Brexit is scheduled for 29 March 2019.


The two sides are set to begin negotiations next month on the terms of transition period after the UK's departure, which the EU has said should last until 31 December 2020.
Theresa May has said a time-limited implementation period of about two years will allow businesses to adjust to changes arising from Brexit and enable the UK to negotiate its future relationship with the EU.


The EU has said the UK should abide by all existing rules and regulations during the transition phase and, in text published last week, suggested there would be specific sanctions if this was not respected.





BBC        News.