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EU extends Brexit deadline till October 31

11
Apr '19
Pic: gov.uk
Pic: gov.uk
The European Council has agreed to a further extension till October 31, 2019, to allow for the ratification of the Withdrawal Agreement by the UK and the European Union. The Withdrawal Agreement, however, may enter into force on an earlier date, should both parties complete their respective ratification procedures before October 31 this year.

“Consequently, the withdrawal should take place on the first day of the month following the completion of the ratification procedures or on November 1, 2019, whichever is the earliest,” the European Council said, and added that the decision has been taken in agreement with the UK extending the period under Article 50(3)TEU.

“I continue to believe we need to leave the EU, with a deal, as soon as possible,” UK Prime Minister Theresa May said after a meeting with Donald Tusk, the President of the European Council, where she agreed for an extension to the Brexit process to the end of October at the latest.

“And vitally, the EU has agreed that the extension can be terminated when the Withdrawal Agreement has been ratified,” she added.

This means, if the UK is able to pass a deal in the first three weeks of May, it will not have to take part in European Elections and it will officially leave the EU on Saturday, June 1, 2019.

During the course of the extension, however, the UK will continue to hold full membership rights, as well as its obligations. (RKS)

Fibre2Fashion News Desk – India


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