What relationship will the UK and the EU agree after the Brexit?
If the UK notifies the EU of its intent to withdraw from the EU, the following subsequent outcomes are possible in accordance to the EU Treaties:
1. “European Economic Area” (EEA) means that the UK joins as a party to the Agreement on a European Economic Area (Norway model).
2. “Bilateral Agreements” means a set of bilateral agreements between UK and the EU (Switzerland model).
3. Withdraws means the UK withdraws its notification to withdraw from the EU within 2 years.
4. The EU may extend the withdrawal agreement negotiation period beyond 2 years.
5. The withdrawal may become effective 2 years after the Brexit notification without the UK and the EU reaching an agreement about a special relationship.
If the UK does not notify the EU of its intent to withdraw within a reasonable period, the question shall be settled prematurely at the market prices prevalent before such notification becomes unrealistic.
