Auto Amazon Links: No products found. Blocked by captcha.
On Monday, the UK and EU are set to hold their first bilateral summit since Brexit, marking a significant moment symbolically. While there have been difficulties between the two sides, the bitterness that once existed post-Brexit has been overtaken by global events. Factors such as concerns about Russia, China, and the war in Ukraine, along with a sense of voter insecurity, are pushing the UK and EU to work closely together.
Negotiations leading up to the summit have seen France playing hardball, but an announcement that French President Emmanuel Macron has been invited to the UK for a state visit may indicate a softening stance. The summit is likely to address key foreign policy priorities, such as supporting Ukraine and addressing tensions with Russia, along with a security and defense pact and measures to reduce trade barriers between the EU and UK.
In terms of economic ties to Europe, the UK Prime Minister Sir Keir Starmer has promised a “reset” in relations with the EU. However, any trade measures agreed upon are unlikely to be a gamechanger for the UK. The Labour government faces challenges in rejoining the EU’s customs union or single market due to internal party dynamics and the influence of Eurosceptic parties.
At the summit, the UK is expected to take a sector-by-sector approach to reduce trade barriers with the EU, with a focus on a plant and animal health deal that will facilitate trade and help resolve post-Brexit trade issues. However, conditions set by the EU, such as following future SPS rules and involving the European Court of Justice, may be unpopular with some Brexit supporters and could complicate future trade deals with other countries. Despite these challenges, the UK government recognizes the importance of trade with the EU and will likely push for agreements that benefit the British economy
Read the full article from The BBC here: Read More
Auto Amazon Links: No products found. Blocked by captcha.