British Government Finds Common Ground for Trade with EU

British Government Finds Common Ground for Trade with EU

British Government Finds Common Ground for Trade with EU. Brexit: In free trade zone with the EU goods and goods are to be acted according to previous rules.

 

Theresa May has dedicated her cabinet to a standard line at Brexit. The British prime minister succeeded in obliging her ministers, who had fallen out of the EU exit, on a “third way” during a closed meeting at the country estate of Checkers.

Britain wants to negotiate a free trade area with the EU, where goods and merchandise are traded under the existing rules. The Kingdom should be given the freedom to conclude bilateral trade agreements and to set its tariffs. The policy of freedom of movement for workers should no longer apply, but should be replaced by a “mobility agreement”.

After two years of internal strife, the government has agreed on a direction. May underscored in a letter to her party friends that the time of dissent was over. Her ministers have in the past expressed “their individual views on Brexit”. Now mark the agreement reached “the point where this is no longer the case and collective responsibility restored”. Which means: From now on applies Cabinet discipline.

Later this week, the proposals will be presented in detail in a white paper. In some ways, they offer a breakthrough. The problem of the Irish border had previously been the most significant break in the negotiations. The EU insists that there should be no hard border between Northern Ireland and the Republic of Ireland. A typical free trade area for goods and agricultural products that makes checkpoints redundant could solve this problem.

Even those companies in the UK that rely on integrated supply chains and rapid clearance at ferry ports like Dover should now breathe a sigh of relief. For freight transport, the UK wants to continue to accept “the common rules”, thus remaining de facto in the single market. In the services division, which accounts for almost 80 percent of the British economy, Britain wants to follow its own rules.

As expected, the proposals met with horror among the Brexit hardliners. On the part of the economy came an agreement.

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