In his speech to entrepreneurs, British Prime Minister Boris Johnson is to inform on what he intends to achieve within the EU negotiations on relations after the Brexit transition period expire.
After leaving the EU, the UK will no longer comply with EU standards in the field of environmental protection, workers' rights and state economic subsidies. Such conclusions can be drawn by reading some passages of the British Prime Minister Boris Johnson speech on
Brexit topic that he intends to address to entrepreneurs on Monday, February 3. Excerpts from this document were published on the night of February 3.
Expectedly, Boris Johnson will reveal in this very speech the goals that he will try to achieve in the upcoming talks on the further development of relations between London and Brussels. According to Bloomberg news agency, Johnson is going to declare he would like to achieve a deal at the level of a trade agreement with Canada in negotiations with the European Union but he is ready to get content with a more general agreement, such as a trade agreement with Australia.
The trade between Britain and the EU is to be regulated by WTO rules if without a deal
According to the agency source, the Johnson team is ready to leave negotiations without a deal. That means
trade relations between the UK and the EU after the end of the transition period at the end of 2020 will be governed by the general rules of the World Trade Organization (WTO), which presuppose the existence of customs duties, until the issue of their possible reduction is settled.
Johnson is to once again underline that in the if trade relations with the European Union establishing, such as those stipulated in the trade agreement with Canada, the United Kingdom will not recognize the jurisdiction of European courts and comply with other EU standards, for example, in the field of environmental protection, labor law, government subsidies
, the Bloomberg source emphasized.
EU goals in negotiations with Britain on Brexit relations
Great Britain left the EU on the night of Saturday, February 1. During the transition period, which lasts until the end of 2020, the ordinary life of the country's inhabitants there will suffer no noticeable changes connected to this step. However, during this time, the parties need to agree on the further relations formalization, primarily in the field of bilateral trade.
Brussels is seeking to sign the trade agreement with London, based on equal competition (Level Playing Field) and the principle of "no customs duties, no quotas, no dumping." Fisheries, security and access to databases should also be key issues in the negotiations.
Theoretically, by the end of July 2020, Boris Johnson could ask Brussels to extend the transition period after Brexit by another two years, but the head of the British government has already announced that he is not going to do this.