The Commission Guidance Withdrawal Agreement Explained
The Commission Guidance Withdrawal Agreement (CGWA) is a set of instructions issued by the European Commission that outlines the process by which the United Kingdom can withdraw from the European Union (EU) while minimizing negative impacts on the political, economic, and social relations between the UK and the EU.
The CGWA is an important document for businesses and individuals who are directly or indirectly affected by Brexit. It provides an overview of the legal and regulatory framework that will govern the separation of the UK from the EU. The CGWA covers a wide range of issues, from trade and customs to security and immigration.
One of the key features of the CGWA is the transitional period. This period, which will run from the date of the UK`s withdrawal until December 31, 2020, will enable businesses and individuals to adjust to the new post-Brexit reality. During this period, the UK will remain part of the EU`s single market and customs union, which means that the existing rules and regulations will continue to apply.
The CGWA also addresses the question of citizens` rights. EU citizens living in the UK and UK citizens living in the EU will be able to continue to live, work, and study as before. They will have the same access to healthcare, education, and social security benefits as they do now.
Another important aspect of the CGWA is the financial settlement. The UK will be required to pay a „divorce bill“ to the EU, which will cover its outstanding financial commitments up until the end of the current EU budget period (2020).
The CGWA also sets out the framework for the future relationship between the UK and the EU. This relationship will be based on a set of agreements covering trade, security, and other areas of cooperation. Negotiations on these agreements will begin during the transitional period.
Overall, the CGWA is a comprehensive and detailed document that provides guidance on the complex and multifaceted process of Brexit. While there are still many unknowns and uncertainties, the CGWA provides a valuable roadmap for businesses and individuals who are preparing for the UK`s departure from the EU.