The European Parliament is expected to ratify the terms of Britain's exit from the European Union, meaning Brexit will finally be confirmed, three and a half years after the referendum.The historic vote on Wednesday at around 17:00 (GMT) will be preceded by a debate.Britain will then leave the bloc on Friday at 23:000 (GMT).From that moment, the United Kingdom will be out of EU institutions and in a transition period, in which negotiations on future trade relations will take place.Some British politicians have suggested Brussels might be flexible on its rules in order to protect trade flows in talks.Rules of engagementIn recent days, European politicians have stepped up their rhetoric, calling on Britain to be willing to compromise.In German weekly Die Zeit on Wednesday, German Foreign Minister Heiko Maas said Britain will have to compromise on issues such as consumer rights and environment protection if it wants to maintain full access to the European Union's single market.MUST READ | UK's Johnson hails 'new chapter' as he signs EU divorce deal"By the end of the year, we need to be clear on the shape of our relationship," Mass wrote."So let me say very openly: Yes, we all want zero tariffs and zero trade barriers, but that also means zero dumping and zero unfair competition. Without similar standards to protect our workers, our consumers and the environment, there can be no full access to the largest single market in the world." On Monday, Michel Barnier, the EU's chief negotiator, said the bloc will "never, never, never" compromise on the integrity of its single market, saying London must now face reality after underestimating the costs of leaving.Boris Johnson's R870 million 'Get ready for Brexit' campaign didn't help people get ready for Brexithttps://t.co/BNLNppm3cD pic.twitter.com/HkyA3vsP3c— Business Insider SA???? (@BISouthAfrica) January 28, 2020"Leaving the single market, leaving the customs union will have consequences. And what I saw ... in the last year, is that many of these consequences have been underestimated in the UK."Barnier said that while Brussels was willing to be flexible and pragmatic in trade talks, Britain's choices have made frictionless trade with the EU impossible.OPINION | UK-Africa trade and investment: who benefits?If no trade agreement is reached, Britain still faces the risk of a cliff-edge Brexit in 2021 when an 11-month status quote transition ends.Earlier, Irish Prime Minister Leo Varadkar told the BBC that the EU would have the upper hand in trade talks, having the "stronger team" due to its larger population and market. Ireland, which is not part of the UK, will remain a member of the bloc, while Northern Ireland, Wales and Scotland will exit along with Britain.