European Commission President Ursula von der Leyen told EU lawmakers that British Prime Minister Boris Johnson`s plans to denounce part of britain`s EU withdrawal agreement have further dampened those hopes. As of 1 January 2021, the UK will no longer be part of the internal market or customs union. Even if an agreement on future relations is reached by the end of the year, the EU`s relationship with the UK will change radically and will be very different from those of the UNITED Kingdom, which was a member of the single market. Take, for example, the customs and tax formalities that will then be necessary. Like the EU Member States, citizens and businesses in Germany and the EU as a whole must adapt to these consequences of the end of the transition period, whether or not an agreement is reached on the future partnership with the UK. Before the withdrawal, a withdrawal agreement was negotiated to ensure that the main political and economic relations between the EU and the UK were not separated overnight. The agreement has been in force since 1 February 2020, when the UK left the EU. It provides for a transition period until 31 December 2020, during which time EU legislation will continue to apply to the UK and the UK will continue to be part of the EU internal market and the EU customs union. During this transition period, the EU and the UK are negotiating their future relations. The political declaration on future relations, adopted by both sides, accompanies the withdrawal agreement and sets the framework for the negotiations.
The agreement defines the goods, services and processes associated with them. Any provision of goods or services legally put on the market before leaving the EU may be made available to consumers in the UK or in the EU Member States (Article 40-41). The EU wants to continue to forge a close partnership with the UK. We believe that it is possible to reach a fruitful agreement on the basis of the political declaration.