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Free AccessBarnier Blasts UK Side In FTA Talks In IIEA Speech
- "We want a close partnership with the UK provided the conditions are right. So far the UK has not engaged constructively in meeting those conditions."
- "Since the start of the negotiations the UK has not shown any willingness to seek compromises on fisheries. Contrary to media reports the UK position has not evolved in the past weeks. No legal text has been forwarded, the UK has shunned our offers..."
- "Without a long term and sustainable solution on fisheries there will simply be no future partnership with the UK."
- "UK proposals on rules of origin would help the UK set itself up as an assembly hub for the EU, allowing the UK to source inputs from around the world and then sell those goods as British without tariffs or quotas..."
- 'How can we be economic partners unless we know what future model of state aid the UK will have?'
- 'Normal that the UK wants to set its own standards and rules, but if these distort competition with us then we have a problem...'
- "The UK have given us no assurance on the sanitary and phytosanitary (SPS) regime they will apply from January 1 next year...we have no idea how the UK SPS system will evolve..."
- "Ireland's particularly close relationship with the UK makes these questions even more important, especially for Irish businesses exporting to the UK and competing with UK businesses". "Precise implementation of the WA is the only way to avoid a hard border on the Island of Ireland and the all island economy."
- MNI Comment: There is little new content in these comments, with many of the issues raised by Barnier talked about at the conclusions of several negotiating rounds. The UK side has talked up the prospect of a September/October deal, but this is likely to prove a last-minute agreement as was seen with the Withdrawal Agreement/Political Declaration last year.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.