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The draft negotiating directives, which supplement the negotiating directives from May 2017, set out additional details on possible transitional arrangements. These include, in particular, the following:
The Recommendation also recalls the need to translate into legal terms the results of the first phase of the negotiations, as outlined in the Commission's Communication and Joint Report. It underlines that work needs to be completed on all withdrawal issues, including those not yet addressed in the first phase, such as the overall governance of the Withdrawal Agreement and substantive issues such as goods placed on the market before the United Kingdom's withdrawal from the EU.
Next steps: In line with the European Council's guidelines of 15 December, the General Affairs Council (Art 50) will adopt these additional negotiating directives on transitional arrangements in January 2018.
Related article on POLITICO: Michel Barnier: Post-Brexit transition to end December 2020
The EU wants a post-Brexit transition period to end on December 31, 2020, its chief Brexit negotiator Michel Barnier told reporters.
The European Commission on Wednesday put forward a draft negotiating mandate that calls for a transition period following the U.K.’s formal withdrawal from the EU, during which London would have to fulfill all obligations while losing all voting rights in the bloc.
Speaking at a news conference, Barnier said that on the day of withdrawal the EU’s international agreements, including its existing free trade agreements and accords with other countries, would no longer apply to the U.K. and London should take steps to renegotiate them. [...]
“Legally speaking, mechanically, the day after the U.K. has left the EU institutions, the U.K. will no longer be covered by our international agreements,” Barnier said. “They will be leaving approximately 750 agreements, which we have signed.”
Barnier also said that the framework of the future relationship between the U.K. and the EU, presumably a robust trade deal and political association agreement, must be known by October, to give time for ratification of a withdrawal agreement by the European Parliament and the British Parliament and so it is clear what follows the transition. [...]