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ARTICLE · 08 MARCH 2017

Brexit White Paper: Commercial Aspects

With the United Kingdom's withdrawal from the European Union gathering momentum, the Government has published a White Paper Report setting out plans in respect of the negotiations.

United KingdomGovernment, Public Sector

With the United Kingdom's withdrawal from the European Union gathering momentum, the Government has published a White Paper Report setting out plans in respect of the negotiations.

Briefly, the Government is aiming to achieve a "comprehensive, bold and ambitious free trade agreement" between the UK and the EU member states, and to ensure "a smooth, mutually beneficial exit".

Triggering Article 50

Earlier this month, MPs overwhelmingly approved a bill to enable Prime Minister, Theresa May, to trigger Article 50 of the Lisbon Treaty, thus marking a pivotal and historical moment in the United Kingdom's relationship with the European Union.

The Prime Minister has confirmed that Article 50 will be invoked by the end of March 2017, which will mark the start of the formal negotiation period (of two years) to carve out the UK's exit from the EU. While uncertainty still remains over the new relationship that will arise between the UK and EU, the Government has pressed

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