Exit Agreement Ireland: What You Need to Know
In recent years, there has been a lot of talk surrounding Brexit and its impact on Ireland. As a result of the UK`s decision to leave the European Union, there have been significant changes to the relationship between the two countries. One aspect of this change is the Exit Agreement Ireland, which outlines the terms of the UK`s departure from the EU and how it affects Ireland.
What is the Exit Agreement Ireland?
The Exit Agreement Ireland, also known as the Withdrawal Agreement, is an international treaty that sets out the terms of the UK`s departure from the EU. It was agreed upon by the UK and EU in November 2018 and was signed by both parties in January 2020. The agreement covers a range of issues, including the future relationship between the UK and EU, the Irish border, citizens` rights, and the financial settlement.
The Irish Border
One of the most significant issues addressed in the Exit Agreement Ireland is the Irish border. The agreement ensures that there will be no hard border between Northern Ireland and the Republic of Ireland, which was a significant concern for both sides. Instead, Northern Ireland will be part of the UK`s customs territory, but will also continue to follow EU rules and regulations. This means that goods entering Northern Ireland from the rest of the UK will be subject to customs checks, but those entering from the Republic of Ireland will not.
Citizens` Rights
Another crucial aspect of the Exit Agreement Ireland is the protection of citizens` rights. The agreement ensures that UK citizens living in the EU and EU citizens living in the UK will be able to continue living, working, and studying in their respective countries. This includes their families and the rights associated with healthcare, pensions, and social security.
Financial Settlement
The Exit Agreement Ireland also outlines the UK`s financial settlement with the EU. As part of the agreement, the UK will continue to contribute to the EU budget until the end of the current budget period, which runs until the end of 2020. The UK will also pay a financial settlement to the EU, which covers its outstanding financial obligations.
Conclusion
The Exit Agreement Ireland is an essential agreement that sets out the terms of the UK`s departure from the European Union and its impact on Ireland. It addresses several significant issues, including the Irish border, citizens` rights, and the financial settlement. While there are still uncertainties surrounding Brexit and its impact, the Exit Agreement Ireland provides some clarity on how the UK and EU will continue to work together in the years to come.