All tagged Politics

Brexit Status Update. An Op-Ed for Fashion Roundtable

We are in the final stretches of the Brexit negotiations.  On 14th of November, the UK and the European Commission jointly published the draft Withdrawal Agreement (WA), the infamous 585 page document spelling out the terms of disengagement.  The European Council, composed of the premiers of the 27 remaining EU member states, endorsed the agreement on Sunday. 

Some of the withdrawal terms have been well known for almost a year, including the lump sum payment the UK will be making to honor its obligations towards the EU budget and other specific projects as well as citizen rights, which both parties will maintain according to existing EU regulations. On other issues such as customs, trade or the Northern Ireland (NI) border discussions were going back and forth as there were no adequate solutions.  As it stands now NI will have a closer regulatory alignment with the EU and products coming from and going to NI will use the EU`s customs code, be subject to other single market rules including product certification and phytosanitary measures.