EU Brexit negotiator: May's trade deal pledge 'impossible'

Image
IANS London
Last Updated : Jan 28 2017 | 7:07 PM IST

The European Parliaments chief Brexit negotiator rubbished British Prime Minister Theresa Mays pledge to deliver a new EU trade deal by 2019 as "impossible", a media report said.

Guy Verhofstadt also suggested the British people voted to leave the EU because of a Little Englander mentality. Yet he held out the prospect that Britain could choose to rejoin the bloc one day, saying, "That is always possible", the Independent reported on Friday.

In her Brexit speech earlier in January, the Prime Minister threatened to crash out of the EU with "no deal" if other leaders refused her demands.

However, a day later, May told MPs that she would "deliver" an agreement by Brexit, to avoid inflicting punishing World Trade Organisation tariffs on businesses.

"That's what I'm committed to - and that's what this Government is going to deliver," she said, raising the stakes for the negotiations to come.

But Verhofstadt, a senior Member of European Parliament and former Belgian Prime Minister, dismissed the prospect, in an interview with Al Jazeera English on Friday. "That's technically impossible," he said, referring to the suggested two-year timeline.

EU leaders have insisted Britain must first agree to a suggested 50 billion pounds ($62 billion approx) "divorce bill" - a payment for outstanding liabilities - under the terms of the Article 50 exit clause.

May has threatened to make "other arrangements" if she fails to strike a fresh trade deal before Brexit - widely interpreted as a threat to slash taxes and regulations, to attract investment, said the report.

Verhofstadt also sought to emphasise that the rest of the EU would not be looking to punish Britain in the negotiations.

However, "you can never have outside the European Union a better status than as member of the European Union", he said.

--IANS

soni/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 28 2017 | 7:00 PM IST

Next Story