The gruelling marathon of negotiations starts with Britain's EU exit, a process that will involve 27 other member countries and three union institutions: the European council, European commission and European parliament.
If the EU and U.K. do reach a deal, it then has to be ratified by all remaining 27 EU member countries, a process that the EU's Tusk said could take a further five years.
British Prime Minister David Cameron has already reneged on a promise made during the referendum campaign to initiate the procedures for Britain to leave the EU right away – a process that could take two years.
Of course the really big fintech question triggered by Brexit is whether the U.K. will lose financial passporting as the government negotiates the terms of the U.K.'s exit from the EU — a multi-year process that's expected to kick off by the end of March next year.
With China, the second-largest exporter of fishery products to the EU, we have initiated a process of enhanced cooperation on control and monitoring of long-distance fleet and traceability.
The prime minister's promise a year ago of an in-out referendum in 2017 on a reformed EU united his party around a process but not a policy.
This red thread will define the future of the EU: The challenge of stimulating a process of osmosis between national governments and local authorities in order for them to take action on the refugee/migration issue is becoming a key factor.
Perhaps the biggest hurdle Cameron and Osborne will face is the absence of a process to change the EU treaties.
18 The European Union (EU) equivalent process, requiring submission of a request for authorisation of clinical trials, stems from a 2001 Directive 19 and is therefore a more recent development that could not be applied to the study period of interest.
