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Brexit - Impact and consequences

Constitution / Institutions 29-03-2017 - 12:20 / Updated: 05-04-2017 - 16:15

The UK formally announced its intention to withdraw from the EU on 29 March, signalling the start of lengthy negotiations between the UK and the EU to determine the terms of their new relationship. The European Parliament will play a key role in determining the outcome. (Read more: Brexit: the challenge of deciding new EU-UK relations)

An overwhelming majority of the house (516 votes in favour, 133 against, with 50 abstentions) adopted a resolution officially laying down the European Parliament’s key principles and conditions for its approval of the UK's withdrawal agreement. Any such agreement at the end of UK-EU negotiations will need to win the approval of the European Parliament. (Read more: Red lines on Brexit negotiations)

The Conference of Presidents endorsed a motion for a resolution drawn up by the leaders of four political groups and the Constitutional Affairs Committee, in which they set out their conditions for a final approval by the European Parliament of any withdrawal agreement with the United Kingdom. The draft resolution will be debated and voted on by the full house next Wednesday. (Read more: Brexit: MEPs set out conditions for approving UK withdrawal agreement)

"Brexit will be a particular challenge for Ireland and its people," said Parliament President Antonio Tajani after welcoming Irish Prime Minister Enda Kenny to the Parliament on 2 March. Tajani also expressed his "understanding for the deep political and economic ties that link Ireland and the UK”. Describing Ireland “as a small European country that has been transformed by its EU membership”, Kenny stressed the “fundamental role" that the European Parliament would play in any Brexit deal. (Read more: Tajani: "Brexit will be a particular challenge for Ireland and its people")

The UK government announced today it is invoking article 50 of the Treaty of the EU, which serves as formal notification of its intent to withdraw from the Union. Starting today the UK and the EU have two years to negotiate a withdrawal agreement. In addition the two will need to start determining the future trade relations, though this is expected to take significantly longer. Read on to find out more about the procedure and the role played by Parliament. (Read more: Article 50: how the future of EU-UK relations will be decided)

Opening the extraordinary session, European Parliament President Martin Schulz noted that this was the first time that a plenary session had been convened at such short notice, but also that the UK citizens’ decision to leave the EU was equally unprecedented. He warmly welcomed Lord Hill and thanked him for his work in the EU Commission and deciding to step down, having campaigned for Britain to remain in the EU. His statement was followed by standing ovations from both MEPs and Commissioners. (Read more: Debate on Brexit and its consequences)

REF. : 20160701TST34439
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