Wednesday, 04 March 2020 11:17

UK may walk away from Brexit talks

EM1 20 News Int BrexitThe UK wants a trade agreement like the one the EU has with Canada and will consider walking away from negotiations for want of progress. Boris Johnson specified that the UK wants “regulatory freedom” from the EU and will not accept the European Court of Justice (ECJ) playing a role in dispute mediations. The British government said it wanted to reach “the broad outline” of an agreement by June, with the goal of finalising the agreement by September. And if not enough progress had been made by June, it would “need to decide whether the UK’s attention should move away from negotiations and focus solely on continuing domestic preparations to exit the transition period in an orderly fashion”. If this is the case the UK would leave on WTO terms at the end of 2020. While the EU wants some degree of governing alignment the UK wants to be open to set its own rules and did not acknowledge the need for a “level playing field” regarding competition. The UK’s negotiating mandate wants an independent agreement on fisheries that would grant annual negotiations on access to each other’s waters, including total allowable catch and shares while the EU wants fishing to be part of the whole agreement.