Zero tariff, zero quotas ‘not enough’, EU’s Barnier tells U.K.

The European Union’s Brexit negotiator Michel Barnier predicted Tuesday “difficult and demanding” negotiations with Britain on a future trading relationship, saying the bloc would not accept any “unfair competitive advantage” for London.

Barnier signalled that the EU would defend its interests in the negotiations on a future relationship with Britain.

Under the withdrawal agreement, the EU and Britain have until the end of 2020 to negotiate their new relationship.

Barnier reiterated his view that Britain could still end up exiting the EU without a divorce settlement, in a so-called “hard Brexit” that economists say would be very damaging to both sides but especially for the U.K.

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Article source: http://www.dailystar.com.lb//Business/International/2019/Nov-05/495030-zero-tariff-zero-quotas-not-enough-eus-barnier-tells-uk.ashx