Brussels [Belgium], Jan 29 (ANI): The European Union (EU) ministers on Monday formally agreed for United Kingdom's transitional period from the bloc to end by 2020.
In the meeting, an agreement was signed by the minister accepting the guidelines for the Brexit transition period that gives the UK access to the EU's single market for at least two years, until 2020, without having any policy-making power, according to the local media reports.
EU's deputy chief negotiator Sabine Weyand said, "The meeting with the European affairs ministers adopts the guidelines for Brexit negotiations and that the transitional period should be lasting to December 31, 2020."
The deadline coincides with the end of the EU's seven-year budget period and has long been expected as the end date of the transition.
On March 29, 2017, the British government invoked Article 50 of the Treaty on the European Union, beginning the process of UK's exit from the European bloc. (ANI)