- Johnson is going to say that he would like to reach a deal at the level of a trade agreement with Canada at the negotiations with the European Union.
- Brussels is seeking the signing of a trade agreement with London, based on equal competition (Level Playing Field).
- Without a deal, trade between Britain and the EU will be regulated by WTO rules.
In a speech, British Prime Minister Boris Johnson will tell what he intends to achieve to entrepreneurs, in negotiations with the EU on relations after the expiration of the Brexit transition period. After leaving the EU, the UK will no longer comply with EU standards in the field of environmental protection, workers’ rights, and state economic subsidies. Such conclusions can be drawn by reading some passages in the speech of the British PM on the topic, Brexit, with which he intends to address entrepreneurs on Monday.
It is expected that Johnson will reveal in this speech the goals that he will try to achieve in the upcoming talks on the further development of relations between London and Brussels. According to news sources, Johnson is going to say that he would like to reach a deal at the level of a trade agreement with Canada at the negotiations with the European Union, but he will be ready to be content with a more general agreement, such as a trade agreement with Australia.
Without a deal, trade between Britain and the EU will be regulated by WTO rules. According to the news sources, the Johnson team will be ready to leave the negotiations without a deal. This will mean that trade relations between the UK and the EU after the end of the transition period at the end of 2020 will presuppose the existence of customs duties until the issue of their possible reduction is settled.
Johnson will once again emphasize that if trade relations are established with the European Union, such as those stipulated in the trade agreement with Canada, the United Kingdom will not recognize the jurisdiction of European courts and comply with other EU standards, for example, in the field of environmental protection, labor law, government subsidies, the source said.
EU Goals in Negotiations with Britain on Brexit Relations
Great Britain left the EU on the night of Saturday, February 1. During the transition period, which lasts until the end of 2020, in the ordinary life of the country’s inhabitants there will be no noticeable significant changes in connection with this step. However, during this time, the parties need to agree on a further formalization of relations, primarily in the field of bilateral trade.
Brussels is seeking the signing of a trade agreement with London, based on equal competition (Level Playing Field) and the principle of “no customs duties, no quotas, no dumping.” Fisheries, security, and access to databases should also be key issues in the negotiations.
Theoretically, by the end of July 2020, Boris Johnson could ask Brussels to extend the transition period after Brexit by another two years, but the head of the British government has already announced that he is not going to do this. At the transitional stage, the rules of the internal market of the EU and the Customs Union will continue to apply. But by the end of next year, everything should end as Johnson wants. Before that, the UK and the EU must conclude a free trade agreement.
Experts consider concluding a contract in such a short time a desperate step and not a very realistic goal unless the agreement itself is very meager. It is possible that this is the intention of the Prime Minister. The establishment of an ambitious partnership requires much longer negotiations.