The United Kingdom and the European Union have reached a landmark deal on a Brexit transition phase that will last for nearly two years after Britain’s departure from the EU next year.
The deal was reached Monday after London made a series of concessions to Brussels, which included accepting a “back stop” plan of keeping Northern Ireland under EU law to avoid a hard border with the Republic of Ireland.
The EU’s Brexit negotiator Michel Barnier said the two sides were “in agreement on a large part” of the departure treaty governing the terms of Britain’s exit after four decades of membership in the EU.
“We have reached an agreement on the transition period,” Barnier told a press conference with Brexit Secretary David Davis.
The post-Brexit transition will begin on March 29, 2019, the day Britain formally exits the EU and last until December 31, 2020, Barnier said.
During that period, Britain “will no longer participate in the European…