Uk Draft Comprehensive Free Trade Agreement

Or is the hard attitude just an attempt to play hardball? However, the essential point of hardball strategies is that they are never as hard as they appear. Time is running out. Mr Barnier said there was a de facto deadline until 1 July for the conclusion of the text of an agreement. [18] The UK`s future services activities with third countries: a reality check-up, UKTPO Briefing Paper 24 On 19 May 2020, the Government published the following draft legal texts, attached to its February 2020 strategy document entitled “Future Relations with the EU”. By the end of 2018, the UK`s position on future trade relations between the UK and the EU was to seek harmonious borders for trade in goods with the minimum regulatory harmonisation needed to make it possible and to seek few concessions in trade in services. Until October 2019, the political declaration was still ready to accept the necessary harmonization of goods and a low ambition in terms of services. However, after the December 2019 elections, the government`s position in merchandise trade hardened on the assumption that there would be costly trade disputes over goods – in fact, a less close relationship overall. The government also took a tougher rhetorical stance and said that the UK wanted a free trade agreement modelled on free trade agreements “that the EU has already concluded with Canada and other friendly countries in recent years” and that, therefore, some EU objectives that would be unique to the UK, such as the `same playing field` and the links between fish trade and territorial fishing rights, were unacceptable. [25] Although the agreement on the broad structure of the services chapters seems relatively linear, particularly given that much of it comes from previous EU agreements, the devil is really in the details. Both parties propose to liberalize services on the basis of a negative list, i.e.

to fully liberalise the importation of a service, unless the importing party has a reservation about it in an annex. Therefore, the entire measure is contained in the detailed (unpublished) annexes that list all non-compliant measures that the parties wish to maintain or introduce. In CETA, the EU and Member States have expressed around 550 such reservations about different services, which in some cases is more or less opposed to trade liberalization. [17] The May government`s objective was to minimize barriers to trade in goods (although it has long abandoned its “frictionless trade” objective) and has been seeking few services. In fact, this was embodied in both May and Johnson`s versions of the Political Declaration. However, since the General Elections in December, Mr Johnson`s new government has declared its objective of being a mere free trade agreement on the basis of previous EU agreements, in particular the Comprehensive Economic and Trade Agreement with Canada (CETA). The UK government today released its version of the draft free trade agreement that outlines the UK`s future trade relationship with the EU.