May's and the EU's Deal/Agreement/Treaty Partly Explained, in brief..

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May's and the EU's Deal/Agreement/Treaty Partly Explained, in brief..
Not discussed enough. May and the EU signed this deal/agreement/Treaty on Sunday 25 November 2018
The UK is to officially leave the European Union on March 29, 2019, but a transition period has been agreed until the end of December 2020. The agreement also allows for the transition period to be extended, although it doesn't tell us much other than the extension cannot be longer than 80 years.
During that interim period — designed to give negotiators more time to reach a final deal — the UK will continue to adhere to EU rules which include paying the membership fees. These have previously been estimated to tally £39 billion (€44.7 billion).
ARTICLE 132  Extension of the transition period                                                                                               1. Notwithstanding Article 126, the 'Joint Committee' may, before 1 July 2020, adopt a single decision extending the transition period up to [31 December 20XX]??????????
Irish Backstop. The deal/agreement/Treaty proposes the creation of a "single customs territory" to apply until at least July 1, 2020, when it is hoped  --- "an alternative arrangement" will have been found.
Any decision — whether to extend the "single customs territory" beyond July 2020 or to terminate it — must be jointly agreed, so neither party can unilaterally pull out.
...any issues relating to EU law will still be referred to the European Court of Justice and its rulings will also be binding....
The EU proposed a temporary arrangement which would keep Northern Ireland in the Customs Union and Single Market 'until a free trade agreement could be negotiated', but the U.K. objected on the grounds that customs checks on goods in transit between Northern Ireland and the rest of the U.K. would undermine the U.K.’s own internal market.
The Withdrawal Agreement breaks this deadlock by providing for the U.K. to remain in the EU’s Customs Union, and Northern Ireland in the Single Market, not merely until the end of the transitional period scheduled to end in December 2020, but until a replacement trade agreement can be negotiated, or (potentially) --- indefinitely if none can be agreed.
The United Kingdom shall implement a system of carbon pricing of at least the same effectiveness and scope as that provided by Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community.
As per Article 6:
The Joint Committee shall adopt before 1 July 2020 the detailed rules relating to trade in goods between the two parts of the single customs territory for the implementation of this paragraph. In the absence of such a decision adopted before 1 July 2020, Annex 3 shall apply. ????
By derogation from the third subparagraph, fishery and aquaculture products, as set out in Annex I to Regulation (EU) 1379/2013 ("fishery and aquaculture products"), shall not be covered by the rules set out in Annexes 2 and 4, as well as the rules referred to in the fourth subparagraph, unless an agreement on access to waters and fishing opportunities is applicable between the Union and the United Kingdom.
European Commission - PRESS RELEASES - Press release - Brexit Negotiations: What is in the Withdrawal Agreement.
European Commission - Press Release details page - European Commission - Fact Sheet Brussels, 14 November 2018 Questions & Answers What has been agreed today? The European Commission and the United Kingdom's negotiators have reached an agreement on the entirety of the Withdrawal Agreement of the United Kingdom of Great Britain and Northern Ireland from the European Union and
The Withdrawal Agreement also protects the family members that are granted rights under EU law (current spouses and registered partners, parents, grandparents, children, grandchildren and a person in an existing durable relationship), who do not yet live in the same host state as the Union citizen or the UK national, to join them in the future... Children will be protected by the Withdrawal Agreement, wherever they are born before or after the UK's withdrawal, or whether they are born inside or outside the host state where the EU citizen or the UK national resides...

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