Shortly before the start of the new round of talks about a Brexi– The UK Prime Minister has a follow-up agreement Boris Johnson his willingness to break hard with the ME affirmed.
On a phone call to Polish Prime Minister Mateusz Morawiecki on Saturday, Johnson said his government said Britain would “negotiate constructively,” but was also ready to comply with World Trade Organization rules after the transition period (IN THAT) to fall back on. That would happen automatically if the negotiating partners did not agree.
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If no agreement is reached, Johnson is also ready for relations with the EU on the model of Australia. However, there is no comprehensive trade agreement between Australia and the EU. Your trade is largely carried out according to WTO rules. There are specific agreements only for some goods.
Merkel warns of consequences
Chancellor Angela Merkel, in an interview with various European newspapers on Friday, tightened her tone towards Britain after she had made it a priority in the past to maintain close economic relations between the EU and the departing kingdom.
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If Prime Minister Boris Johnson’s government wants to unilaterally define its relationship with the EU, it must “live with the consequences,” said Merkel. Failure to accept comparable rules in the environment, labor market or social standards would result in a “less intertwined economy”.
So far there are negotiations on a future trade agreement between Brussels and London largely unsuccessful. A new round of talks is scheduled to begin on Monday. The representatives of the EU and Great Britain will meet physically in Brussels for the first time since the outbreak of the corona pandemic. They had previously negotiated in video conferences.
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Great Britain left the EU with Brexit on January 31, 2020. During the transition period until December 31, however, it remains a member of the EU single market and the customs union. If no agreement is reached on the future relationship by then, a hard economic break could occur in early 2021. Trade between the two economic areas would then automatically take place under the rules of the WTO, which would entail import duties and would disrupt trade. Since Britain exports more to the EU than the other way around, the country would be more affected by the failure of the negotiations.
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The UK has consistently blocked an extension of the negotiation period. An application is theoretically possible until the end of June. The EU had advocated an extension in order to increase the chances of comprehensive contracts – but has now accepted them Cancellation by the British.
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