Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Britain asks too much of EU in Brexit talks, Barnier says

Published 10/06/2020, 14:57
Updated 10/06/2020, 16:50
© Reuters. Michel Barnier, Brexit chief negotiator for Europe on future ties with Britain, gives a news conference after the first week of EU-UK negotiations, in Brussels

By Robin Emmott and Philip Blenkinsop

BRUSSELS (Reuters) - Britain is seeking a trading relationship with the European Union that is too close to that of an EU member, the EU's Brexit negotiator Michel Barnier said on Wednesday, urging London to adjust its demands in the four months left to reach a deal.

Britain left the EU, the world's largest trading bloc, on Jan. 31 after 47 years of partnership to the huge regret of EU leaders who now insist that London accept the economic consequences of looser ties.

"The truth is that in many areas (Britain) is demanding a lot more than Canada, Japan or many of our other (trade) partners," Barnier told a forum in Brussels, referring to sophisticated trade deals that Britain would like to emulate.

"In many areas it is looking to maintain the benefits of being a member state without the constraints," Barnier said. "It is looking to pick and choose the most attractive elements of the (EU) single market without the obligations."

Last week, a British official said it was "obvious" the EU had to show more flexibility, after talks made no progress.

The European Parliament, which must approve any final accord, will debate in two committees on Friday its position on what a future relationship should entail.

According to a public draft report seen by Reuters, the parliament is set to say that "this cherry-picking approach is a no-go for the EU ... the EU will not agree to a deal at any cost".

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Under the terms of Britain's exit from the EU, both sides need to reach a deal by the end of October.

Top British officials are expected to meet Barnier on Friday before British Prime Minister Boris Johnson meets Barnier's boss, European Commission President Ursula von der Leyen, and the chairman of the 27 EU leaders, Charles Michel, later this month.

Barnier said Britain wanted quota- and tariff-free access to the EU while diverging from rules that govern the bloc.

He said Britain is seeking "almost complete freedom of movement" for some British businesses, full recognition of professional qualifications and for some customs rules and procedures to be recognised as equivalent.

Latest comments

ok than Canada like deal, or not Barnier?
Give the EU nothing, they think Brexit is a problem, just wait until Italy rears it head 😉
Sick in the head...nobody better in the world than you
They left the EU and so allow them to leave - obviously they had a better plan ahead before voting leave -
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.