#AceNewsReport – Feb.03: In a Monday speech to the business community, Prime Minister Boris Johnson is understood to be prepared to make it clear that Britain would rather okay tariffs than adopt European legislative regulations, and that Britain has “made our choice” in choosing a regulatory path different from EU’s, The Times reported.
Vis-a-vis trade goals, Boris Johnson is reportedly set to accept and stress that he has prioritised internal British legislation over full unlimited access to the European single market, in order for his country to reclaim total control of its own laws: The head of the now post-Brexit UK government is said to be going to emphasise demands that Brussels treat Britain as “equals”.
Fish, financial services to be part of final EU-Britain trade deal: EU Commission head
A free trade “Canada-style” accord aside, Downing Street is meanwhile reportedly willing to resort to an “Australian” version of no deal, or any other looser arrangement, with the prime minister expected to assert “there is no need for a free trade agreement to involve accepting EU rules”, the British broadsheet remarked.
“There is no need for a free trade agreement to involve accepting EU rules on competition policy, subsidies, social protection, the environment or anything similar any more than the EU should be obliged to accept UK rules”, business leaders will reportedly hear him state at a London gathering.
EU says financial relations with UK will be linked to trade deal
BRUSSELS (Reuters) – Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday: Britain and the EU will lose privileged access to their respective financial markets when the Brexit transitional period ends next year: But in some sectors financial firms could remain able to operate across borders if rules are deemed to be equivalent: But even when equivalence does exist, the EU will remain free to grant access or not to specific sectors……….“The EU will consider whether our economic partnership will be accompanied by equivalences,” Barnier told a news conference in Brussels…….Equivalences “are relevant for the overall future relationship and need to be considered in that light,” Barnier said, noting that those decisions were not part of his draft negotiating mandate for a trade deal with London, which he unveiled on Monday.
#AceNewsDesk report ……………Published: Feb.03: 2020:
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