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The global fashion business journal

Oct 1, 202012:46am

Brexit: EU approves extension to January 2020

The 27 countries that form the European Union have agreed to extend to January 31 of next year the time to negotiate the exit of the country chaired by Boris Johnson.

Oct 28, 2019 — 6:12pm
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Brexit: EU approves extension to January 2020

 

 

Brexit will wait until 2020. Specifically, until January 31 of next year, which is the expiration day on the new extension approved by the European Union. This is the third concession approved by the 27 countries. 

 

The leader of the tories requested a new extension in the face of difficulties faced in securing the favorable vote of the British Parliamentto the terms of the agreement reached on October 17. The country will be able to hold new general elections that clarify the political scenario. 

 

It remains to be seen all the effects of the United Kingdom’s exit from the European Union, but a notable impact on its economy is expected as 46% of its exports go to the countries of the European Union. In addition, it is the second largest net contributor to the European Union, given that it contributes more to the common market than it receives, with a deficit of 4,3 billion euros in 2017.

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