Trade

Michel Barnier: Full trade deal impossible by Brexit date

By the time the U.K. leaves the European Union it will only be possible to draw up a “political declaration” on the future framework for trade with the bloc, not a full trade deal, the EU’s chief Brexit negotiator Michel Barnier said Tuesday.

Speaking at a press conference after a meeting of foreign affairs and EU ministers in Brussels, he said there is not enough time to do anything more detailed, but also that agreeing a full trade deal would be prevented by legal and technical constraints.

His comments were in stark contrast to those of the U.K. Brexit Secretary David Davis, who told the BBC’s Andrew Marr program on Sunday that barring “minor tinkering” by the time of Britain’s exit date of March 2019, “we would expect the substantive trade deal to be struck.” He said that the formality of signing would need to happen “one minute, or one second, after we leave.”

Barnier said it would be possible by October next year to reach a draft withdrawal treaty to be ratified by the European Parliament and national parliaments ahead of the formal exit date of March 29, 2019.

“[This treaty] will be accompanied by a political declaration … which will describe the framework for our future relationship, a political declaration, but it cannot be anything else, in technical, legal terms it is simply not possible to do anything else,” he said.

“So we’ll need more time and that’s why the transition period can come in useful, to begin and conclude a negotiation on a free trade agreement, but we’ll need more time,” he added.

He also suggested that the Brexit secretary was being willfully optimistic. “[Davis] has experience of European matters, we were ministers of European affairs at the same time … and he knows perfectly what is possible and what is not possible,” Barnier said.

On Friday, EU leaders are expected to sign off on a political agreement reached last week between Prime Minister Theresa May and Commission President Jean-Claude Juncker on the first phase of the talks — known as the joint report. In the same BBC interview, Davis suggested that the agreement was not legally binding, although he later rowed back from the comments.

But Barnier said: “[The EU] will not accept any backtracking from the U.K on commitments. In the joint report, all our points of agreement are now closed.”

“First we need to ensure that the joint report is translated into legally binding and precise language for the withdrawal agreement,” he said.

Original Article

Politico

The post Michel Barnier: Full trade deal impossible by Brexit date appeared first on News Wire Now.

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  165. Good article and straight to the point. I don’t know if this is really the best place to ask but do you people have any ideea where to hire some professional writers? Thx 🙂

  166. Hello! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my iphone4. I’m trying to find a theme or plugin that might be able to correct this issue. If you have any suggestions, please share. Appreciate it!

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  178. Hello! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

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  182. Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

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