about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

EU offers pre-Brexit trade talks on tough conditions

The European Union is ready to talk to Britain on a future free trade deal before the two sides agree final terms on Brexit, draft EU negotiating guidelines issued on Friday show, according to Reuters.

2017-03-31 11:34:11

As part of a ′phased approach′, Britain would just have to show "sufficient progress" on its divorce settlement in a first phase of negotiations and EU states could release a lock and agree to launch trade talks in a second phase.

But that concession to Theresa May two days after she triggered a two-year countdown to withdrawal was accompanied by elements in the draft circulated by EU summit chair Donald Tusk that the British prime minister may find less palatable.
They include an insistence that during a transition period likely to follow Britain′s departure in 2019 and before a free trade pact can be finalised, the British must accept EU rules, including budget contributions and judicial oversight, that are some of the main reasons a majority voted for Brexit last June.

If Britain remains a part of the EU single market for a time after Brexit, it would also have to respect all "four freedoms", which would mean accepting free immigration from the continent.

The draft guidelines, seen by Reuters after European Council President Tusk distributed them to the 27 other governments in the bloc on Friday, may be somewhat revised over the next month before being endorsed by the 27 leaders at a summit on April 29.

Among other elements in the eight-page document, which Tusk will outline at a news conference later on Friday, is a priority to settle legal uncertainty for EU expatriates living on either side of the new EU-U.K. frontier. It says rights acquired before a cut off on the day Brexit takes effect should be retained.
Responding to May′s warning that she might prefer to walk away without a deal, the EU should be ready for such an outcome but will, the document says, work to ensure that does not happen as it would be in the interests of neither side.

The guidelines will form the basis of a mandate for chief EU negotiator Michel Barnier. He expects to launch negotiations in early June, giving him about 16 months to conclude the basics of a withdrawal treaty that can then be ratified by lawmakers on both sides in time for Brexit on March 29, 2019.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2088 Views
Daily Info
AFI Europe Romania starts the construction of AFI City residential project

AFI Europe Romania announces the start of the AFI City residential project construction. First phase is to end in 16 months and will deliver two buildings with 190 homes.

Romania is the sixth most popular country for data centre investment, report shows

Romania ranks 6th in the top destinations in the datacentres market in Europe, while the Nordics and the Netherlands occupy the first positions, according to Savills new Data ...

Google Street View cars to come to Romania this summer

Google Street View cars will return to Romania this summer to update images of local roads in Google Maps, according to a statement by the company.

Romania and US held 6th meeting of the Strategic Partnership Dialogue

The Governments of Romania and the United States of America held the sixth plenary meeting of the Strategic Partnership Dialogue in Bucharest, Romania, on June 19, 2018.

H&M leases 1,000 sqm for future HQ in Unirii View project

Fashion retailer H&M leases 1,000 sqm for its future HQ in Unirii View office project.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

2 Comments

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...