Brussels, September 7
The European Commission stated it was decided to shortly attain a cope with Britain on a future financial and commerce relationship, however underlined it must guarantee honest competitors.
“We are fully concentrated on making the most out of this week’s negotiating round… we share prime minister Johnson’s desire to reach a deal quickly. We will do everything in our power to reach an agreement,” a Commission spokesman informed a daily information briefing.
He stated a no-deal Brexit would “inevitably create barriers to trade and cross border exchanges that do not exist today” and famous the EU needed a future relationship settlement to make sure honest competitors.
The EU desires to know what state support guidelines Britain will apply sooner or later to ensure the British authorities doesn’t assist the nation’s firms undermine EU ones by unfair monetary assist.
“I finally point out that while we are determined to reach an agreement with the UK, the EU will be ready — in the event of a no deal scenario — to trade with UK on WTO terms as of the first of January 2021,” the spokesman stated. Reuters