EU Would Rather Have Trade Deal With UK But Only After Brexit

November 20, 2017 Share Print 0

The European Union wants to negotiate an ambitious trading partnership with Britain after Brexit, but will only do so once divorce issues are settled and on the basis of fair competition, including on tax, food safety and environment standards.

“If we manage to negotiate an orderly withdrawal, to fully respect the integrity of the single market and establish a level playing field, there is every reason for our future partnership to be ambitious. This is our preferred option,” Michel Barnier told a conference in Brussels on Monday.

“This is why we have started internal preparations with member states to be ready to talk about the future as soon as we have agreed how to settle the past. The EU will be ready to offer its most ambitious FTA (free trade agreement) approach.”

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.