"Article 50" redirects here. For the former Eurosceptic political party in the Netherlands, see Article 50 (political party).
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Once Article 50 is triggered, there is a two-year time limit to complete negotiations. If negotiations do not result in a ratified agreement, the seceding country and EU would follow World Trade Organisation rules on tariffs.[2]
This article was used for the first and so far only time by the United Kingdom on 29 March 2017.
Provisions
Article 49A of the Treaty of Lisbon, which came into force on 1 December 2009, introduced for the first time a procedure for a member state to withdraw voluntarily from the EU.[3] This is specified in Article 50 of the Treaty on European Union, which states that:[4]
- Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.
- A Member State which decides to withdraw shall notify the European Council of its intention. In the light of the guidelines provided by the European Council, the Union shall negotiate and conclude an agreement with that State,
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