Brexit talks at last began on Monday, after nearly a year that Britons voted to leave EU. Brexit Secretary David Davis arrived in Brussels to instigate the talks as he looks forward that Britain would produce a “new, deep and special partnership” with the EU for a fair result leading to the best interests of all Europeans, especially of the Britons.
Article 50 Triggered
After PM Theresa May triggered Article 50 (a clause that outlines the steps to be taken by a country pursuing to leave the union voluntarily), she stated, “This is a historic moment from which there can be no turning back. Britain is leaving the European Union.”
Back in March 29, 2016, May became the first leader to petition for Article 50, and then the rest of the British voters decided to continue the Brexit via a referendum that took place last June 23, 2016.
This then gives Britain two years to complete the divorce of the UK from the European Union. The whole process is due to conclude by March 2019.
Brexit in Brussels
The “most complicated negotiation of all time” as what Davis calls the Brexit negotiations, began at 11:00 am. The disaster in the UK recent elections has put May’s position in a bad light. It makes the Brexit negotiations a little harder and such may call for a refashion in her strategy rather than to continue for a hard Brexit. Philip Souta (Head of UK Public Plicy at Clifford Chance LLP) said in a statement, “If there is going to be a deal, it makes it more likely to be softer than before the election, but on the other hand the probability of no deal at all has increased.”
Win-win Brexit Negotiations
Davis with the Chief Negotiator of the European Union (Michel Barnier) meets with the UK to obtain sovereignty through a win-win decision that would benefit all parties. This is to stop giving a wrong signal which may encourage others to break away.
Foreign Secretary Boris Johnson told reporters, “The most important thing now is for us to look to the horizon, raise our eyes to the horizon, think about the future, think about the new partnership, the deep and special partnership that we want to build with our friends. In the long run this would be good for the UK and good for the rest of Europe.
Investors and business leaders will monitor the negotiations closely for fear of being economically hurt by the present Brexit situation.
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