Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

3 min


By

Brexit: Expert discusses ‘importance’ of UK financial services

Prime Minister Boris Johnson was in a jubilant mood as he pushed his Brexit trade deal with the EU over the line just days before the transition period ended on January 1. After signing the agreement, he said: “By signing this deal, we fulfil the sovereign wish of the British people to live under their own laws, made by their own elected Parliament.” European Commission President Ursula von der Leyen struck a unifying tone after months of arduous and often heated talks. She said: “It was a long and winding road, but we have got a good deal to show for it. It is fair. It is a balanced deal. And it is the right and responsible thing to do for both sides.”

{%=o.title%}

Advertisements

]]>

However, any assumption that Brussels and London’s squabbling would be over by securing a trade deal was previously rubbished by one expert, who claimed any agreement only sets a platform for more disputes.

Ivan Rogers, former UK ambassador to the EU, warned back in November that a deal may not end disagreements, as the UK’s gradual divergence away from EU laws and regulation could spark fresh rows.

He said: “There are lots of forces driving a gradual divergence.

Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

Brexit news: The EU and Uk could be embroiled in trade wars (Image: getty)

Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

Brexit news: Johnson signing the Brexit trade deal (Image: getty)

“The question is, is that divergence governable and relatively smooth and reasonably amicable whilst we remain close friends, or does it become bumpy, difficult, conflictual, or maybe worse than conflictual — constantly flaring up into trade wars as people bite chunks out of each other?”

The UK has agreed to level playing field measures on workers’ rights, as well as many social and environmental regulations.

But in the future, the UK has the license to diverge from some of these agreements – forming more bespoke laws on its regulation.

Advertisements

To police this, both Brussels and London have agreed to a dispute mechanism, meaning if one side does not agree with divergence from certain rules, the mechanism can be acted upon.

READ MORE: Brexit fury: Spain claimed ‘we won Gibraltar’

Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

Brexit news: von der Leyen could use a dispute mechanism to hit UK with tariffs (Image: getty)

This could lead to tariffs being placed on certain goods, risking trade wars if retaliation follows.

A Downing Street source told Politico in November that “there are no plans” for the Brexit trading relationship to reach this stage.

They said: “We’ve always been clear that just because we’re leaving the EU doesn’t mean we don’t want a close relationship with them.

“We will still have a lot of shared values and history. There is still a huge amount of work we can do with each other. There is definitely no strategy to be antagonistic.”

Nick Witney, a senior fellow at the European Council on Foreign Relations, argued that “guerilla squabbling” could ensue between the UK and EU.

Advertisements

DON’T MISS
EU accused of trying to make Switzerland ‘a de-facto member’ [INSIGHT]
Joe Biden could snub Boris Johnson for Emmanuel Macron [ANALYSIS]
EU told ‘Polexit process may have already started’ [INSIGHT]

Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

Brexit news: Five moments that led to Brexit (Image: getty)

Brexit fight NOT over! UK and EU could 'bite chunks out of each other' in bitter trade war

Brexit news: Barnier was the EU’s negotiator (Image: getty)

He said: “I think the last thing this government will want to do is deal with the EU more than it has to.

“That has been very clear in the way in which it’s narrowed down the partnership to something as emaciated as possible.

“I think there will be low level guerrilla squabbling. I can’t see it being entirely smooth. A bit like a frozen conflict, in a way.”

Originally published here Daily Express :: UK Feed

The Daily Express brings you Express Wins, where you can play the latest online Bingo and Slots games, win exciting cash prizes, enjoy brilliant promotions and go for massive jackpots.

Advertisements

Join Express Wins today


Like it? Share with your friends!

102
14 shares, 102 points

What's Your Reaction?

hate hate
16
hate
confused confused
7
confused
fail fail
23
fail
fun fun
21
fun
geeky geeky
18
geeky
love love
11
love
lol lol
14
lol
omg omg
7
omg
win win
23
win

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook Comments

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format