Thread: UK & EU Agree Post-Brexit Trade Deal
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Old 13-12-2020, 22:36   #5053
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Re: Brexit-Transitional Period Ends 31/12/20
Quote:
EU and UK still ‘far apart’ but Brexit deal hopes rise

People briefed on the negotiations said the two sides were inching forward in their discussions on how to design a mechanism that would preserve a “level playing field” between the two sides’ companies even as EU and UK rules in areas such as environmental law potentially diverge over the years to come.

Brussels has pushed the idea of a system that would allow either side to request consultations and ultimately introduce tariffs if it was concerned its companies were being put at a competitive disadvantage.

The UK rejected previous iterations of the idea as an affront to sovereignty, but over the weekend modifications were discussed in a bid to address its concerns. The talks have covered issues such as a role for arbitration and the criteria for establishing when there is economic harm.
https://www.ft.com/content/6a6d5960-...a-ee583b314ee3
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