💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

EU-UK trade talks could start next week: diplomat

Published 02/24/2020, 05:51 AM
Updated 02/24/2020, 05:56 AM
EU-UK trade talks could start next week: diplomat

BRUSSELS (Reuters) - The 27 European Union countries expect to adopt on Tuesday their negotiating mandate for talks about their new relationship with Britain after Brexit, paving the way to launching the talks as early as next week, a senior EU diplomat said on Monday.

Britain left the EU last month and the two sides have been talking tough in the run-up to a new round of negotiations, with the EU demanding far-reaching guarantees of fair competition and London saying it would not be bound by the bloc's rules on the so-called level playing field.

"The expectation is to adopt the negotiating mandate tomorrow, which would allow us to start negotiations very soon, even as early as next week," the diplomat said.

France has so far held up agreeing the EU's joint negotiating stance, seeking to strengthen the level playing field provisions, including to oblige Britain to follow the bloc's rules and regulations in future in exchange for access to the EU's cherished single market.

The current draft proposal, which the 27 national envoys in Brussels are due to discuss at 1330 on Monday, calls for any new trade treaty between the EU and Britain to uphold "high standards over time".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.