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EU seeks to end Brexit transition no later than end-2020

[BRUSSELS] The European Union wants a transition period after Brexit to end no later than Dec 31, 2020, according to the European Commission's negotiating directives agreed on Wednesday.

"The transitional arrangements should apply as from the date of entry into force of the Withdrawal Agreement and should not last beyond Dec 31, 2020," the published text showed.

Coinciding with the end of the EU's current seven-year budget period, the end of 2020, 21 months after Brexit at the end of March 2019, had long been expected as the target end date of the transition but this was the first official confirmation that this is the official goal of the Union negotiators.

British prime minister Theresa May had formally asked for a transition to last around two years.

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The four pages of new directives for EU chief negotiator Michel Barnier were in line with guidelines issued by EU leaders at a summit on Friday and will form the basis of talks on the transition which Mr Barnier hopes to start next month.

They spell out that Britain will be effectively still a member of EU institutions, bound by all their rules including new ones, while not having a say in their making. The EU will also offer Britain a non-voting place at some meetings where decisions may affect specific issues and will set up special arrangements for a UK role in setting annual EU fishing quotas.

REUTERS