UK warns won't accept EU-ruled 'level playing field'

Image
AFP Brussels
Last Updated : Feb 18 2020 | 1:00 AM IST

Britain's trade negotiator warned Monday that his government would not accept EU supervision of its economy in exchange for close trade ties.

Senior diplomat Mark Frost told academics in Brussels that London intended to set its own laws following Brexit and not follow EU-imposed "level playing field" rules.

"It isn't a simple negotiating position which might move under pressure -- it is the point of the whole project," he said.

Frost's speech at the Free University of Brussels took place as EU member states were drawing up a mandate for their own negotiator, Michel Barnier.

Some capitals, in particular France, are pushing for a deal in which Britain would have to sign up to EU-supervised regulation in exchange for privileged access to the huge European single market.

But Frost, adding detail to the position championed by British prime minister Boris Johnson, said London wanted a typical trade deal of the kind Brussels signed with Canada.

"It is central to our vision that we must have the ability to set laws that suit us -- to claim the right that every other non-EU country in the world has," Frost said.

"So to think that we might accept EU supervision on so-called level playing field issues simply fails to see the point of what we are doing.

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: Feb 18 2020 | 1:00 AM IST

Next Story