Clifford Chance

Brexit - what does the transition agreement mean?

23 March 2018

On Friday 23 March 2018, the EU announced that agreement in principle had been reached on a transition (or 'implementation') period running from the UK's withdrawal from the EU on 29 March 2019 to the end of 2020, during which the UK would retain access to the EU Internal Market and Customs Union on its current terms.

The European Council also adopted guidelines for the EU's negotiators with a view to opening the negotiations with the UK to agree a framework for the future relationship between the EU and UK post Brexit.

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