Ibec - for Irish business
Card 6 of 11

Transition period

25 October 2017

Area

Transition period
Issue

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

The next hurdle: Both the EU and UK acknowledge the need for a transition period. The UK has accepted that this period must essentially mirror existing EU membership arrangements, with all the associated obligations. The UK wants to get transition signed off early in 2018 to allay business fears. While the EU also want a transition deal, the conditions of such a deal may require further UK concessions.