Future trade ties depend on Britain's respect for EU norms: France
Reuters
Published Jan 28, 2020 04:52AM ET
Future trade ties depend on Britain's respect for EU norms: France
BRUSSELS (Reuters) - The scale and scope of European Union trade ties with Britain after Brexit will depend on the latter's alignment with the bloc's rules, French minister Amelie de Montchalin said on Tuesday.
"The more access to our internal market the UK wants, the more we have to converge on rules and norms," she said on arriving to EU ministers' talks in Brussels. "If there is no clear guarantees for citizens and companies, if there is no level playing field guarantees of loyal competition, the commercial openness of the EU will not be total."
"The degree of our economic openness will depend on the degree of convergence we will have," she said. "If Boris Johnson wants a deal in 11 months with zero quotas and zero tariffs, we need guarantees of zero dumping and the level playing field."
"It's impossible in 11 months to conceive a completely new commercial system... it's not realistic."
Get The News You Want
Written By: Reuters
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.