EU's Barnier says a year not enough to agree full deal with UK
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
March 22, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, MARCH 22, 2023
EU's Barnier says a year not enough to agree full deal with UK

World+Biz

Reuters
09 January, 2020, 05:45 pm
Last modified: 09 January, 2020, 05:47 pm

Related News

  • Sunak in Belfast to secure support after UK, EU seal 'decisive breakthrough' on NI
  • Reactions to UK-EU Brexit deal on Northern Ireland
  • Irish PM says getting closer to amended N Ireland Brexit trade deal
  • UK's Sunak wants Northern Ireland deal to 'get the job done' on Brexit
  • Britain and EU unlikely to change Brexit deal much, despite issues

EU's Barnier says a year not enough to agree full deal with UK

The negotiations are likely to be tough, especially as the EU says that access to the single market will be proportional to how closely Britain sticks to EU rules

Reuters
09 January, 2020, 05:45 pm
Last modified: 09 January, 2020, 05:47 pm
A European Union flag is seen behind a British Union Jack during an anti-brexit protest in London, Britain, January 7,2019/ Reuters
A European Union flag is seen behind a British Union Jack during an anti-brexit protest in London, Britain, January 7,2019/ Reuters

A comprehensive agreement on the future relationship between the European Union and Britain will take longer than the 11-month transition period that begins when the UK leaves the EU on Jan. 31, the EU's chief negotiator said on Thursday.

After Brexit, the two sides will have until the end of the year to negotiate a new trade relationship — a short period given the complexity of the discussions.

The negotiations are likely to be tough, especially as the EU says that access to the single market will be proportional to how closely Britain sticks to EU rules.

Prime Minister Boris Johnson has said Britain will not extend the transition period beyond December.

"We are ready to do our best and to do the maximum in the 11 months to secure a basic agreement with the UK, but we will need more time to agree on each and every point of this political declaration," the EU's Brexit negotiator Michel Barnier said in a speech in Stockholm.

He said the extremely tight timetable meant the EU would have to prioritise.

First will be building a new capacity to work together with Britain both bilaterally and in global institutions to address issues such as climate change and peace in the Middle East.

"The second point is that we need to build a very close security relationship," Barnier said, although he added that cooperation would necessarily be less than currently.

Finally, he said the EU would insist that a future economic partnership is based on a level playing field in regulations, tax and other matters.

"Competing on social and environmental standards can only lead to a race to the bottom that puts workers, consumers and the planet on the losing side," Barnier said.

Access to the EU's vast single market would depend on how tightly the UK aligns itself with the bloc, including in matters such as state aid.

"If the UK wants an open link with us for the products; zero tariffs, zero quota, we need to be careful about what we call zero dumping," Barnier said.

"If it is not the case ... the level of access for British products will be proportionate."

Johnson has said London is not seeking a relationship based on alignment with existing rules.

In the longer term, Barnier held out the possibility of an unprecedentedly close relationship with Britain.

"We will strive for a partnership that goes well beyond trade ... covering everything from services and fisheries to climate action energy transport, space, security and defence," he said. "But that is a very huge agenda and we simply cannot expect to agree on every single aspect of this new partnership in under one year."

Brexit / UK-EU Relations

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • 57 MNCs apply this year for permission to invest Tk15,000cr
    57 MNCs apply this year for permission to invest Tk15,000cr
  • Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Pavel Byrkin/Kremlin via REUTERS
    Russia tightens ties with China as West offers $16 billion lifeline to Kyiv
  • Illustration: TBS
    Is it possible to artificially narrow the Jamuna River?

MOST VIEWED

  • A general view of buildings shrouded in smog amid a sandstorm, at Beijing's Central Business District (CBD) in Beijing, China March 22, 2023. REUTERS/Tingshu Wang
    Thick sandstorms shroud Beijing and several provinces in China
  • Photo: Collected
    Water being poisoned, drained by vampiric overuse: UN Chief
  • Photo: TASS/BSS
    Meeting of Putin, Xi Jinping over, Chinese leader leaves Kremlin
  • People buy traditional lanterns in Sayyeda Zeinab market in preparation ahead of the upcoming Muslim fasting month of Ramadan, in Cairo, Egypt, Tuesday, March 21, 2023. Muslims throughout the world are preparing to celebrate Ramadan, the holiest month in the Islamic calendar, refraining from eating, drinking, smoking and sex from sunrise to sunset. (AP Photo/Amr Nabil)
    Muslim authorities say Ramadan fasting to begin Thursday
  • REUTERS/Christopher Aluka Berry/File Photo
    Yellen says bank situation stabilising, different from 2008
  • FDIC representatives Luis Mayorga and Igor Fayermark speak with customers outside of the Silicon Valley Bank headquarters in Santa Clara, California, US, 13 Mar 2023. Photo: REUTERS
    This banking crisis won't wreck the economy

Related News

  • Sunak in Belfast to secure support after UK, EU seal 'decisive breakthrough' on NI
  • Reactions to UK-EU Brexit deal on Northern Ireland
  • Irish PM says getting closer to amended N Ireland Brexit trade deal
  • UK's Sunak wants Northern Ireland deal to 'get the job done' on Brexit
  • Britain and EU unlikely to change Brexit deal much, despite issues

Features

Of 53,685 hectares of arable land in the Bhabodah area, 28,882 hectares were affected by waterlogging. Photo: Mumit M

3 decades on, a man-made waterlogging crisis lingers in Bhabodah

51m | Panorama
Photo: TBS

Desalinating the lives of our coastal population

51m | Panorama
Manisha Das Chaity. Illustration: TBS

Eyes on the bigger picture

2h | Pursuit
Photo: Collected

Workplace friendships are worth the awkwardness

2h | Pursuit

More Videos from TBS

Why Lawrence Bishnoi wants to kill Salman Khan?

Why Lawrence Bishnoi wants to kill Salman Khan?

14h | TBS Entertainment
Bangladesh won their third straight Bangabandhu Cup

Bangladesh won their third straight Bangabandhu Cup

16h | TBS SPORTS
Putin, Xi to discuss Ukraine peace plan

Putin, Xi to discuss Ukraine peace plan

16h | TBS World
The homeless got land and houses under the shelter scheme

The homeless got land and houses under the shelter scheme

19h | TBS Today

Most Read

1
Md Shahabuddin Alam, managing director (MD) of SA Group. Photo: UNB
Court

SA Group MD, his wife banned from leaving country

2
Photo: Collected
Bangladesh

Mahindra shuts its Bangladesh subsidiary

3
Take a loan, buy the bank - the Southeast way
Banking

Take a loan, buy the bank - the Southeast way

4
Photo: Collected
Crime

Mahiya Mahi arrested in DSA case; sent to jail for 'defaming police'

5
Photo illustration: Steph Davidson; Getty Images
Bloomberg Special

Elon Musk's global empire has made him a burning problem for Washington

6
Photo: Collected
Bangladesh

At least 15 injured as Daffodil University students clash with locals in Savar

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]