Ibec - for Irish business
Card 6 of 10

Transition period

25 October 2017
Negotiations phase 2: The future relationship

Transition period

Business will need a transition period to prepare and adjust to a new EU-UK relationship

A question of timing: Both the EU and UK acknowledge the need for a transitionary period. The UK has come to the acceptance that this period must essentially mirror existing EU membership arrangements, with all the associated obligations. But the EU is holding out for agreement on other elements of negotiations before engaging on transitional arrangements. The leverage this presents in negotiations means a quick deal may be illusive.