(updated March 2019)
On 31/1/2020, the United Kingdom officially left the European Union.
We are entering a transitional period until 31/12/2020, during which the United Kingdom will no longer participate in the life of the European institutions but will continue to apply existing European rules and to have access to the European single market.
Conversely, during this period, the United Kingdom will continue to grant, as in the past, the same market access to European companies and to apply free movement for European citizens.
This transitional period could even be extended by one or two years. A decision on this extension should be taken on 30/6/2020 at the latest. However, the British government has already announced that it will not grant an extension.
During this transitional period, the Parties will endeavor to establish a new relationship, as close as possible, in accordance with the European political declaration of 17/10/2019.
This new relationship should be established on the basis of a broad partnership, which would include a free trade agreement, as well as a number of specific sectoral agreements. The free trade agreement should cover trade in goods as well as trade in services (and therefore transport).
In the event that the parties fail to conclude such treaties before 31 December 2020 and that the transitional period is not extended beyond this same date, new emergency measures ("contingency measures") , could be prepared, as it was the case in 2019 when no certainty existed yet on a Brexit with or without a withdrawal agreement.