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The procedure governing a country’s departure from the EU is set out in Article 50
of the Treaty on European Union. This provides for a period of two years for the negotiation
of exit terms. EU laws would continue to apply to the departing Member State until
the Article 50 agreement had entered into force, or for two years if no agreement
had been reached and no extension to the two year period had been granted. A request
for an extension could only be granted with the unanimous agreement of the remaining
Member States.
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