On Wednesday, European Parliament would undertake a historic vote, processing final rectification of the terms of the Britain’s exit from the European Union. Wednesday’s session would be a symbolic one where the union would give its final approval to clear path for Brexit.
UK would attend its last session as EU member on Tuesday, marking the end of the UK’s 47 years of EU membership. The outcome of the Wednesday session is clear, after both the parties signed the Withdrawal Agreement last week.
30 January would be more like a ceremonial session to be attended by 751 members of the European Parliament from 28 member states. The United Kingdom would cease to be part of the bloc on Friday at 23:00 GMT. From there on both the sides would enter a transition period which would last for eleven months, ending by December 2020. The transition period would be send to finalise negotiations on future trade relations EU and UK.
UK prime minister, Boris Johnson opts for quiet exit than a pompous display of triumph of his three years of Brexit dream. The next huge challenge which lays ahead of Johnson is striking a trade deal with EU before the end of the transition period, which many believe is nearly impossible given the complexity of the negotiations.
On Monday, Michel Barnier, the EU’s chief negotiator, clarified that the bloc would adopt a tough stand towards UK and ‘will never, never, never” compromise on the integrity of its single market, adding that Britain must bear the consequences of divorcing the union.
“Leaving the single market, leaving the customs union will have consequences. And what I saw … in the last year, is that many of these consequences have been underestimated in the UK.” Barnier said while Brussels was willing to be flexible and reasonable in trade talks, but Britain’s attitude has made frictionless trade between the two almost impossible.