'EU-UK talks must first focus on exit terms'

Image
IANS Paris
Last Updated : Mar 30 2017 | 6:03 PM IST

French President Francois Hollande on Thursday told UK Prime Minister Theresa May that the top issue regarding Brexit negotiations was the terms under which the country will leave the European Union (EU).

During a phone conference, Hollande told May that the Brexit negotiations must take place in a "clear and constructive manner, so as to lift uncertainties and to fully respect the rules and interests of the 27-member EU," Efe news reported.

Therefore, according to Hollande, "the (two-year) talks must at first be about the terms of withdrawal, dealing especially with citizens' rights and obligations resulting from the commitments made" by the UK.

Hollande said that on the basis of the "progress made" on that front, the bloc could "open discussions on the framework of future relations between the UK and the EU".

He asserted that the process formally notified on Wednesday by May in accordance with the will of the British people will not begin with the negotiation of future UK-EU relations, as London would have wished for.

Hollande pointed out that Brexit was going to be "financially painful" for the UK, adding that the country must assume the cost measured in labour, in freedom of transit and in financial terms.

The President said that this process had already begun with the relocation of UK-based companies over to his country, although he stressed that France had no intention of "punishing" the British people.

--IANS

ksk/dg

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: Mar 30 2017 | 5:56 PM IST

Next Story