After more than three and a half years of negotiations and three successive postponements, Brexit has just reached a new stage. The British Parliament has finally adopted the withdrawal agreement negotiated with Brussels.
The withdrawal agreement still needs to be promulgated by the Queen and ratified by the European Parliament to enter into force. The adoption of this agreement would result in the withdrawal of the United Kingdom from the European Union on 31 January 2020.
Nevertheless, a transition period is provided until the end of 2020 in order to allow the parties to jointly negotiate the terms and conditions of their future relations, which is likely to be a sensitive procedure.
During this transition period, the rights of the British people and the 3.2 million Europeans living in the UK will largely be maintained and EU rules will continue to apply to the UK. Yet, the country will lose all decision-making and negotiating power in the European institutions.