From Anglican Covenant Unlikely in Less than Five Years:
The report proposes a five-phase implementation process, and it estimates that it would require six to nine years to be adopted depending on whether the text was submitted by the central assembly of each province or incorporated into the constitution of the ACC “subject to confirmation by the Provinces.” Other methods of adoption are also possible, according to the report. A draft could be brought to the full meeting of the ACC in conjunction with a meeting of the primates in 2009.
For the covenant to work, it would have to consist of a single formulation “which is not subject to negotiation and opt-outs by each Church or Province … there comes a point at which Provinces and Churches will have to say about the Covenant that they will ‘take it or leave it’.”

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