On October 17, 2019, the United Kingdom (UK) and the European Union (EU) came to an agreement on Brexit. Included in the agreement are the following:
- Northern Ireland will stay aligned with the EU’s Single Market rules and will operate as part of the EU customs zone while formally remaining part of the UK;
- Customs duties will not be assessed on goods moving from the UK to Northern Ireland unless they will be moving to Ireland and thus entering the EU;
- The future relationship between the UK and the EU will be modeled around a Free Trade Agreement, with a goal of no tariffs or quotas between the two parties.
The agreement is pending ratification by UK’s Parliament in a vote on Saturday, October 19, 2019. Under the UK’s “Benn Act,” if Parliament does not ratify the agreement on Saturday, they are required to either request a 3 month extension with the EU to come to a deal or agree to proceed with a no deal Brexit.
The text of the agreement can be found here:
The text of the “Benn Act” can be found here:
The Political Declaration Setting out the Framework for the Future Relationship Between the European Union and the United Kingdom can be found here:
The EU’s frequently asked questions page on Brexit can be found here: