Home / Knowledge / News / Textiles / Johnson to use UK law to demand EU trade deal by 2020 end

Johnson to use UK law to demand EU trade deal by 2020 end

17
Dec '19
Boris Johnson. Pic: Shutterstock
Boris Johnson. Pic: Shutterstock
The prospect of a Brexit cliff-edge at the end of 2020 will be used by British Prime Minister Boris Johnson to push for the European Union (EU) to offer him a comprehensive free trade deal encompassing everything in less than 11 months. He will reportedly use his control of parliament to outlaw any extension of the Brexit transition period beyond 2020.

The prime minister will cut the amount of time he has to strike a trade deal to 10-11 months from nearly three years by enshrining in law his campaign promise not to extend the transition period beyond 2020 end, a global news wire reported.

A comprehensive free trade deal would cover everything from financial services and rules of origin to tariffs and state aid rules, though the scope and sequencing of any future deal is still open for discussion.

After the United Kingdom leaves the EU on January 31, it enters a transition period in which it continues to be a namesake EU member, while both sides try to hammer out a deal on their post-Brexit relationship.

Johnson is being perceive to be sending a message to the EU, whose leaders have cautioned London that more time would be needed for a comprehensive trade deal.

If the United Kingdom and the EU fail to strike a deal on their future relationship and the transition period does not get extended, then trade between the two sides would be on World Trade Organisation (WTO) terms, which is more burdensome for businesses.

The EU, which has insisted it will not seal a trade deal with a large, economically powerful neighbour without solid provisions to guarantee fair competition, hopes to start trade talks with the United Kingdom by March, leaving just 10 months to strike a deal and get it approved by London and the EU, including member states’ parliaments.

The EU’s demands will focus on environmental and labour standards, as well as state aid rules to ensure the United Kingdom would not be able to offer products on the bloc’s single market at unfairly low prices.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2021

Industry 4.0 could transform Cambodian garment sector: ADB

Cambodia should consider developing industry transformation maps in...

Pic: Shutterstock

Textiles | On 22nd Jan 2021

China leads global economic recovery

China has turned the only major economy to end up with a positive GDP ...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2021

Bangladesh apparel exports decline 2.99% in H1 FY21

Readymade garment exports from Bangladesh declined by 2.99 per cent...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Aditya Goyal,

Aditya Goyal

Headquartered in Surat, Anubha Industries is a specialist for sustainable...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search