The agreement also provides for a transitional period, which will last until 31 December 2020 and can be extended by mutual agreement. During the transitional period, EU legislation will continue to apply to the UK (including participation in the European Economic Area, the internal market and the customs union) and the UK will continue to contribute to the EU budget, but the UK will not be represented in EU decision-making bodies. The transition period will give businesses time to adapt to the new situation and the new era, so that the British and European governments can negotiate a new trade agreement between the EU and the UK.   The withdrawal agreement between the European Union and the United Kingdom sets out the conditions for the United Kingdom`s orderly exit from the EU, in accordance with Article 50 of the Treaty on european Union. On 15 November 2018, the day after the agreement and the support of the British government were presented, several members of the government resigned, including Dominic Raab, Secretary of State for leaving the European Union.  Formal negotiations have been initiated on the basis of the „mandate for negotiations under Article 50 of the EU TREATY“, agreed between EU and UK negotiators, which sets out the structure of the negotiations, dates and priorities for the next rounds of negotiations. On 19 October, a statement was also made to Parliament that a political agreement had been reached. The signatures mark a new stage in the ratification process after Parliament passed the Brexit Act earlier this week. The European Parliament will vote on the agreement on 29 January. The WAB agrees to withdraw Boris Johnson, which is a draft international treaty, into British law and gives the government permission to ratify it. On 23 June 2016, the UK voted in a referendum to leave the EU. On 29 March 2017, Theresa May, then Prime Minister of the United Kingdom, wrote to european Council President Donald Tusk triggering Article 50 of the Treaty on European Union, triggering the process for a member state to leave the EU.
The Article 50 procedure provides for a two-year period for the negotiation of a withdrawal agreement which should take into account future relations between the EU and the outgoing Member State. At the request of the United Kingdom, the Article 50 deadline was finally extended until 31 January 2020. On 17 October 2019, the EU and the UK agreed on the text of a withdrawal agreement, which was unanimously approved by the European Council.