LONDON — The UK formally announced its decision to leave the European Union on Wednesday following a historic referendum last June. <br /> <br />After triggering Article 50 of the Treaty on European Union, Britain now has two years to negotiate a way out. <br /> <br />The 27 remaining EU members will meet to discuss the withdrawal on April 29 before negotiations begin between Britain and the EU, according to BBC News. <br /> <br />When a draft deal is approved, it will be put to the European Council, which is comprised of the 27 leaders of the remaining EU nations. <br /> <br />If the deal is approved by at least 20 countries with 65% of the EU population, it will be ratified by the European Parliament and the UK will leave the EU. <br /> <br />However, if no deal is reached, negotiations could go on longer than the two-year time limit, but only if all 27 EU member agree to an extension. <br /> <br />The key points of negotiation will center on trade, law and immigration.
