Any transitional period to work out a trade deal after Britain formally leaves the European Union in March 2019 should be limited to three years.
"We don't exclude a transitional period, which from our point of view should be limited in time. We propose three years," the European Parliament's chief Brexit negotiator Guy Verhofstadt.
The resolution also calls for Britain to quickly settle uncertainties over the rights of EU citizens living in Britain, and over the bill that the EU says it must pay to withdraw.
The European Parliament will have the final say on any Brexit deal in a vote expected at the end of 2018 or in early 2019.
News Source - Business Standard