The Dutch economy is expected to suffer from the consequences of Brexit much like any of the other European countries. The Netherlands, as a member of the European Union, surely is one of the important stakeholders in the issue of British departure. The agreement is already ratified by the British Parliaments and European Commission, and is already provisionally applied until each member states votes on the deal on their own parliaments. Important agenda items included the border of the Republic of Ireland, an EU member, with Northern Ireland, part of the UK free trade agreement divorce bill that ensured the United Kingdom pays rest of its remaining financial burden to the European Union before the departure and fishing rights in the British waters.Īs of December 24th 2020, The United Kingdom and European Union have reached an agreement on these agenda items and now it is expected that each EU member state will ratify the agreement on their own until the end of January. The European Union also protects the free flow of people and labor, which was the reason for most British leave voters to vote the way they did.įor the last four years, the United Kingdom and European Union have tried to reach a “Brexit Deal” in order to make sure no side gets unfairly hurt by the departure. That is why the economies of the member states are integrated for the most part. Thanks to the customs union, the free flow of goods and services in the European markets are unobstructed. The European Union provides its member countries a free market and a monetary union. ![]() ![]() Since the New Year’s Eve, the transition period is over, and the effects of Brexit are fully applied.1 The result, with a narrow majority, was to leave the union. In 2016 the United Kingdom held a referendum in order to decide if they will stay as a member of, or leave the European Union.
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