EU Council President Donald Tusk today said that the "Brexit guidelines" aims to give citizens, companies and all member states "certainty and clarity" on how the talks will go.
Britain - which is excluded from the summit - announced yesterday it will formally trigger negotiations to exit the EU on March 29. That is expected to create two years' uncertainty for all sides because no member state has ever walked away from the bloc.
The two sides will have until March 2019 to agree on a divorce settlement and - if possible - establish a new relationship between Britain, the world's No. 5 economy, and the EU, a vast single market containing 500 million people. If both sides agree, the negotiating deadline can be extended.
Britons voted in a June referendum to leave the EU after more than 40 years of membership.
Tusk stressed again how unfortunate he thought it was for Britain to leave, but said that the first task now was "to create as much certainty and clarity as possible for all citizens, companies and member states that will be negatively affected by Brexit, as well as our important partners and friends around the world."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
