In addition to negotiations for a trade agreement between Britain and the EU, the transition will also allow the UK to conduct formal trade negotiations with other countries, such as the US and Australia. Once these transactions are completed and completed on time, they could also take effect at the end of the transition period. The transition period is not extended. The United Kingdom has stated that it does not want an extension. The option of an extension was included in the withdrawal agreement. The UK and the EU have had until 1 July 2020 to agree on a possible extension. 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.   This period expires on 31 December 2020 and, during the transition period, the UK is largely bound by EU rules, as it did before it left the EU.
The aim was to give the UK and the EU time to negotiate a trade agreement and take the necessary steps to implement the new agreements. Prime Minister Boris Johnson wins the British general election. It is therefore likely that the Brexit deal will soon be adopted. If the British Parliament approves the agreement, the European Parliament can vote on it in January. However, the Conservative manifesto made it clear that Boris Johnson would not ask for an extension, a commitment enshrined in eu law (withdrawal agreement) 2020. The EU and the UK reach a provisional agreement on citizens` rights and the financial regime of Brexit. The time for future negotiations is already relatively short, but this pressure has been exacerbated by the global coronavirus situation. The UK government has so far opposed the extension of the transition period.
In January 2020, a ban was imposed on ministers from approving a proposed extension. However, the Institute for Government and others have argued that this issue should and/or probably be taken up again. The deadline for extending the transition period has now passed. The idea behind the transition period is to give some air to breathe during further negotiations between Britain and the EU. This overview outlines the legal and procedural obstacles – both in the withdrawal agreement and in UK national law – to extend the UK`s transition period after Brexit with the EU. The British Parliament decides that a further extension of the Date of Brexit is necessary because it first wants to examine the corresponding laws before deciding on the withdrawal agreement. The UK government is then asking the EU to postpone the date of Brexit to 31 January 2020. The EU withdrawal agreement is a legally binding document. It contains conditions for the UK`s withdrawal from the EU of more than 500 pages, including the first agreements on citizens` rights, the UK`s financial commitments to the EU and the Northern Ireland Protocol, which establish provisions for maintaining an open border on the island of Ireland. The withdrawal agreement was adopted by the European Council on 19 October 2019 in its final form, which was confirmed in the declaration that a political agreement had been reached and that the United Kingdom had reached an agreement with the European Union in accordance with Article 50, paragraph 2, of the Treaty on European Union. The agreement was revised as part of the Johnson Department renegotiation in 2019.
The amendments amend about 5% of the text The UK government and the remaining 27 EU Member States approve the draft agreement.