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Boris Johnson set out plan for trade deal with EU

Komal FatimaWeb Editor

03rd Feb, 2020. 03:59 pm
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Boris Johnson

Prime Minister Boris Johnson is ready for a trade deal with the European Union.

He said that the UK does not need to follow Brussels’ rules.

International news sources say that Boris Johnson will deliver a speech in London to invite a Canada-style free trade deal. He warns to walk away if one cannot be struck.

According to international news sources, Boris Johnson will inform, “There is no need for a free trade agreement to involve accepting EU rules,”

However, Irish PM quoted that the UK needed to agree to a level playing field.

Several import tariffs have been removed from most goods between two countries under the EU-Canada deal. But customs and VAT checks are still the same.

The flow of services such as banking is prohibited.

Leo Varadkar told to international news source yesterday that a Canada-style agreement with the UK as possible, but that “Canada isn’t the UK” and common standards are necessary.

President of European Union Ursula von der Leyen said talks will be “hard and fair and fast”. But he also said that more of the UK’s common rules would have to be followed.

Boris Johnson will deliver a speech on “unleashing Britain’s potential” to increase the prospect of the UK returning back to the World Trade Organisation if the EU will not sign the deal.

He will say in the speech,  “We have often been told that we must choose between full access to the EU market, along with accepting its rules and courts on the Norway model, or an ambitious free trade agreement, which opens up markets and avoids the full panoply of EU regulation, on the example of Canada.

“We have made our choice – we want a free trade agreement, similar to Canada’s but in the very unlikely event that we do not succeed, then our trade will have to be based on our existing Withdrawal Agreement with the EU.”

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