EU ministers to approve negotiating mandate for UK trade talks
BRUSSELS - European Union governments are set to adopt a negotiating mandate for their executive European Commission on Tuesday to clinch a deal with Britain this year on future ties after it left the bloc in January.
The EU mandate aims to offer Britain, which sells 45% of exports and buys 53% of imports from the 27-nation bloc, no tariffs and no quotas in the future. But Britain does not want to make such a commitment, stressing its “primary objective in the negotiations is ... economic and political independence” and that it could accept tariffs and quotas similar to a deal the bloc has with Canada.
“Our negotiators will have good framework for future negotiations, it’s up to the parties when they sit at the table how they’re willing to go,” she added.Both sides want to have a deal ready by the end of the year, when Britain’s transition period ends. Without a trade deal, business contacts would be based on World Trade Organization rules, which assume tariffs, quotas and cumbersome paperwork.
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