After years of negotiations and debates, the United Kingdom (UK) officially withdrew from the European Union (EU) on January 31, 2020. Since then, the UK and EU have been working on a Withdrawal Agreement, which outlines the terms of their future relationship.

The Withdrawal Agreement includes provisions on citizens` rights, the financial settlement, and the Irish border. It also sets out a transition period, which ends on December 31, 2020. During this time, the UK and EU will negotiate a new trade deal and other agreements.

One of the main issues in the negotiations has been the Irish border. The UK and EU have agreed to a Protocol on Ireland/Northern Ireland, which aims to avoid a hard border between Northern Ireland (part of the UK) and the Republic of Ireland (an EU member state). The Protocol includes special arrangements for Northern Ireland, which will remain aligned with some EU rules.

Another key aspect of the Withdrawal Agreement is citizens` rights. The agreement guarantees the rights of EU citizens living in the UK and UK citizens living in the EU. This includes the right to work, study, and access healthcare.

The financial settlement is another important part of the Withdrawal Agreement. The UK has agreed to pay a „divorce bill“ to the EU, which covers outstanding payments for commitments made during its membership. The bill is estimated to be around £30 billion.

Overall, the Withdrawal Agreement is a complex document that covers many issues related to the UK`s departure from the EU. While the agreement has been ratified by both the UK and the EU, there are still many uncertainties about the future relationship between the two entities. The negotiations for a new trade deal are ongoing, and the outcome of these talks will have significant implications for businesses and individuals on both sides of the channel.

In conclusion, the Withdrawal Agreement is a crucial step in the process of the UK`s departure from the EU. While it provides some certainty for citizens and businesses during the transition period, the future relationship between the UK and EU is still uncertain. As the negotiations continue, it will be important to stay informed and prepared for any potential changes.