MNI: China CFETS Yuan Index Up 0.83% In Week of Dec 20

MNI: PBOC Net Drains CNY643.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1870 Mon; -2.26% Y/Y

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

EZ/UK T-Bill Calendar: Greece to Sell Bills Monday

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU-UK: Competition Cooperation Agreement Talks Conclude, But No Sign Of 'Reset'

EU-UK
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletCEEMEABulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The UK gov't has released a statement confirming that technical talks on the EU-UK Competition Cooperation Agreement have concluded. The statement claims "This agreement is aimed at improving cooperation between the UK’s and EU’s competition authorities, allowing for greater dialogue between the Competition and Markets Authority in the UK and European Commission and the National Competition Authorities of the EU Member States."

  • The European Commission confirmed that the agreement will come into force once it has been ratified by both sides. European Exec VP in charge of competition policy Margrethe Vestager said "With this agreement, the EU and the UK will work together on competition matters in a predictable and transparent framework, exploiting the full potential of the TCA. This agreement strengthens our relationship and will help to ensure that enforcement is coordinated between our jurisdictions,"
  • This agreement comes as the FT reports that broader talks on a 'reset' in EU-UK relations will not get underway until 2025 at the earliest. The FT claims that member states want to reach an internal agreement on their own stances vis-a-vis UK relations before engaging in talks with London. The article claims the negotiating mandate for the EU will not be signed off before the end of year EUCO meeting in Brussels on 17 Dec.
  • The article claims the EU wants a resolution on raft of controversial issues including fisheries, energy, youth mobility before discussing the UK's priority, trade. 
234 words

To read the full story

Close

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.

The UK gov't has released a statement confirming that technical talks on the EU-UK Competition Cooperation Agreement have concluded. The statement claims "This agreement is aimed at improving cooperation between the UK’s and EU’s competition authorities, allowing for greater dialogue between the Competition and Markets Authority in the UK and European Commission and the National Competition Authorities of the EU Member States."

  • The European Commission confirmed that the agreement will come into force once it has been ratified by both sides. European Exec VP in charge of competition policy Margrethe Vestager said "With this agreement, the EU and the UK will work together on competition matters in a predictable and transparent framework, exploiting the full potential of the TCA. This agreement strengthens our relationship and will help to ensure that enforcement is coordinated between our jurisdictions,"
  • This agreement comes as the FT reports that broader talks on a 'reset' in EU-UK relations will not get underway until 2025 at the earliest. The FT claims that member states want to reach an internal agreement on their own stances vis-a-vis UK relations before engaging in talks with London. The article claims the negotiating mandate for the EU will not be signed off before the end of year EUCO meeting in Brussels on 17 Dec.
  • The article claims the EU wants a resolution on raft of controversial issues including fisheries, energy, youth mobility before discussing the UK's priority, trade.