» News » BRITAIN AND THE EU AGREED ON THE TEXT OF THE POLITICAL DECLARATION ON BREXIT: WHAT IS THE ESSENCE OF IT?

BRITAIN AND THE EU AGREED ON THE TEXT OF THE POLITICAL DECLARATION ON BREXIT: WHAT IS THE ESSENCE OF IT?

On November 21, it was reported that the UK and the EU agreed on the text of a political declaration on the terms and conditions of Brexit. This text reached the media. Here is a brief analysis of Brexit terms and conditions spelled out in the document:

  1. The issues connected with exchange and protection of personal data between Britain and the EU remain unchanged
  2. The UK will pay compensation for Brexit to the EU budget annually
  3. London will continue to participate in EU projects
  4. Northern Ireland question is postponed
  5. Britain might never completely leave The EU Customs Union
  6. Some specialized agencies of the EU retain influence on Britain
  7. Britain will not receive any exclusive benefits or bonuses in trade matters
  8. London will lose access to some parts of the EU databases
  9. Britain gets back its right to control borders and the flow of goods and people, as Prime Minister Theresa May wanted
  10. The UK gains full foreign-policy independence, including the imposition of sanctions
  11. Britain and the EU will cooperate on security issues more closely, which will become the cornerstone of bilateral policy
  12. The EU court retained its influence in disputes between Britain and the Union

Iliya Kusa

Inna Gordienko

PR-director of the Ukrainian Institute of the Future

+380 44 537-17-78

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