How the Possibility of UK Decision to Leave the EU Affects the Shipping Operations between EU and UK - Dissertation Example

The paper “How the Possibility of UK Decision to Leave the EU Affects the Shipping Operations between EU and UK” is a unique example macro & microeconomics dissertation. In June 2016, the United Kingdom withdrew its international ties from the European Union. Therefore, the term “Brexit” emerged during this period and it is a shorthand form signifying Britain's exit from the European nation. European Union is a political and economic partnership that involves twenty-eight European nations, which foster good economic ties.

The European nation began its operations after the Second World War and its major objective was to foster strong economic cooperation among its members. Therefore, this meant that countries operating under the European Union will trade together and this will foster peaceful coexistence that prevents countries from going to war. Since then, the European nations grew to a great world market that allowed member countries to move effectively from one nation to the other on trading terms. In fact, the European nations established their own currency that is used among their member country.

The European Union has its own parliament and set of rules that govern policies in wide areas, which include environment, consumer rights, mobile phone charges, and transport.The United Kingdom exited the European nation after its citizens took part in a referendum and 52% of the citizens voted that they should break relations with the European Union. However, the United Kingdom should invoke an agreement on Article 50 that they signed on the Lisbon treaty so that it can legally exit European Union.

The Lisbon treaty gives the European Union and the UK two years to decide the terms of agreement for the split. The process will stand at the end of 2016 and this means that presently the UK does not have a clear deal of its predicament in terms of trade and immigration after its exit from the EU. In fact, there are no clear terms of the agreement on how Brexit will work and some policymakers suggest that it could take the UK up to six years to finalize its exit negotiations. More importantly, Britain's exit terms need to be agreed upon by 27 national parliaments and this will take a long process before the Brexit comes into realization.

In the meantime, UK should still abide by European laws and treaties. However, Britain will not be an active member and it is not allowed to take place in any decision-making process in the European Union.