With Britain’s decision to leave the EU, it will now be required of the Prime Minister to invoke Article 50 of the Lisbon agreement, which will be the first of its kind in EU history, in order to begin formal process of withdrawal.
Article 50 sets out the guidelines, procedures and time limit that would govern an exit from the European Union and is the only legitimate way to leave the EU.
Any member wishing to leave must enter into negotiation with other member countries to draw out the terms of its departure. This process may take up to two or more years as the case may be.
The negotiation will centre on access to the single market and creating new trade agreements as well as determining the rights of movement for EU members and Britons. All 27 member states must approve any agreement reached, which may also require ratification by national legislatures.
The duration of the process will depend on the attitude across Europe, alongside the political situation at locally. Though it is believed by some experts that realistically, it may could stretch beyond two years; however, Nigel Farage and other Brexiters have a tendency to play down the difficulties of the entire process according to the Guardian.
During the negotiation, European laws would still apply to the UK and British Ministers would still partake in most EU business according to Open Europe’s co-director Raoul Ruparel. Nevertheless, the UK would not take part in internal European discussions on its own withdrawal.
Article 50 sets out the guidelines, procedures and time limit that would govern an exit from the European Union and is the only legitimate way to leave the EU.
Any member wishing to leave must enter into negotiation with other member countries to draw out the terms of its departure. This process may take up to two or more years as the case may be.
The negotiation will centre on access to the single market and creating new trade agreements as well as determining the rights of movement for EU members and Britons. All 27 member states must approve any agreement reached, which may also require ratification by national legislatures.
The duration of the process will depend on the attitude across Europe, alongside the political situation at locally. Though it is believed by some experts that realistically, it may could stretch beyond two years; however, Nigel Farage and other Brexiters have a tendency to play down the difficulties of the entire process according to the Guardian.
During the negotiation, European laws would still apply to the UK and British Ministers would still partake in most EU business according to Open Europe’s co-director Raoul Ruparel. Nevertheless, the UK would not take part in internal European discussions on its own withdrawal.
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