|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

EU’s Tusk: UK’s Red Lines on Brexit Mean Only a Free Trade Deal Is Possible

LUXEMBOURG – Judging from the United Kingdom’s plan to withdraw from the European Union’s single market and the customs union in its Brexit process, the only model for a future relationship will be a free trade agreement model, albeit one that represents a reduction in economic ties, the president of the European Council said Wednesday.

Donald Tusk said the EU would seek close ties with the UK after Brexit, including a zero-tariff trade model, uninterrupted cooperation in the ambit of security and foreign affairs and continued joint participation in research, education and culture but leveled a stark warning that London would not be free to pick and chose the perks on offer to integrated member states, as it was not in Brussels’ interest.

“Because of Brexit we will be drifting apart, this will be the first FTA (free trade agreement) in history that loosens economic ties rather than increases them,” Tusk said. “Drifting apart is the essence of Brexit,” he added as he outlined new draft guidelines that would comply with the EU’s requirements from the process.

He spoke at a press briefing alongside the Prime Minister of Luxembourg, Xavier Bettel.

Tusk, who met with the British Prime Minister Theresa May last week, said that UK-EU trade after Brexit will undoubtedly become more complicated and more costly than it was currently but Brussels would nonetheless continue the negotiations with an open-mind and a realistic approach.

Bettel said the UK government had so far been unclear on its aims for leaving the EU.

British Prime Minister Theresa May, leader of the Conservative Party, said her government would leave the single market and customs union in order to seek a fresh deal with the EU that was deeper than those enjoyed by the likes of Canada and Norway.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved