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Old 17-11-2017, 05:36   #829
1andrew1
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Re: Brexit discussion

No real surprise here. Despite the protestations of Liam Fox et al, the EU has consistently said there will be no a la carte deal for the UK.
Quote:
Barnier dashes Britain’s trade hopes
According to framework documents from EU chief Brexit negotiator Michel Barnier seen by POLITICO, London’s insistence on quitting the single market and customs union means that a basic EU-Canada-style deal is the only option.
Sliding back onto a Canada-style trading relationship would be a big failure for May, who has acknowledged that the Brussels-Ottawa arrangement is greatly inferior to Britain’s current position in the EU’s single market.
In her Florence speech in September, May said: “Compared with what exists between Britain and the EU today, [a Canada-style arrangement] would nevertheless represent such a restriction on our mutual market access that it would benefit neither of our economies.”
https://www.politico.eu/article/brex...n-canada-deal/

Quote:
But the document, said by Politico to have been provided to Mr Barnier for a “preparatory discussion” on the “framework for the future relationship”, suggests London will struggle to achieve its aim of tariff-free and frictionless trade with the bloc.
It states that the UK’s rejection of the European Court of Justice and issues around “regulatory autonomy” mean it will not be “compatible” as a close trade partner.
The document also suggests London’s status as a financial centre could be further at risk, as it rules out “direct branching in sectors like financial services”, Politico reported.
The document adds that the future deal would see only “limited EU commitments to allow cross-border provision of services”.
https://www.politico.eu/article/brex...n-canada-deal/

Last edited by 1andrew1; 17-11-2017 at 05:44.
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