Friday, 25 November 2016

EU STRATEGY BECOMES CLEARER

It is being reported (HERE) that the EU's chief negotiator has said they will negotiate in three tiers. Firstly the withdrawal agreement including the money to be paid to settle ongoing commitments and our share of the budget and assets. Secondly, the transitional agreement that follows our exit. And finally, the future trading relationship between us.

Unfortunately for David Davis, M Barnier says the first two can be conducted simultaneously but the final trade agreement cannot be negotiated until the first two have been agreed. This will delay our signing any other trade deals outside the EU and put a lot of pressure on our negotiators to get a good transitional arrangement.

Ben Wright the BBC Europe correspondent has a piece (HERE) explaining how difficult it might be to reach any amicable agreement. 

The Maltese PM speaking to the BBC (HERE) says the EU27 are united in holding the four freedoms as vital and saying we should not forget the EU parliament has a veto on any agreement.

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