Home / Knowledge / News / Textiles / UK, EU start talks on post-Brexit ties

UK, EU start talks on post-Brexit ties

03
Mar '20
Pic: Shutterstock
Pic: Shutterstock
Negotiators from the United Kingdom and the European Union (EU) recently started talks in Brussels aimed at forging a future relationship. The discussions cover trade and trading standards, agriculture, security, transport, energy and fisheries and are being led by Frenchman Michel Barnier for the EU and UK governmental advisor David Frost.

The discussions are expected to wrap up by the end of this year, according to global newswires.

The UK's current transition period, during which it trades like an EU member with no tariffs or other barriers, ends on December 31. British Prime Minister Boris Johnson has ruled out extending it, though he has the option to do so.

Each side has accused the other of shifting away from goals set out in a non-binding political declaration struck late last year. While the UK is insisting on setting its own rules in the name of ‘economic and political independence’, the EU aims to secure a ‘level-playing field’ to prevent the former from undercutting costly European standards on labour, tax, environment and state subsidies.

Barnier has told the United Kingdom to fully respect the binding Brexit withdrawal treaty.

Both sides will witness economic trouble if no deal is reached, but the United Kingdom and Ireland, the EU member most dependent on trade with the UK, will especially feel the pain.

UN economists calculate the trade hit would see the United Kingdom annually lose export revenues of up to $32 billion in that case. The EU buys nearly half of all British exports.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: JNCASR

Textiles | On 2nd Apr 2020

Indian researchers make coating to kill virus like COVID

A one-step curable anti-microbial coating, which when coated on...

Pic: Polygiene

Apparel/Garments | On 2nd Apr 2020

Polygiene launches ViralOff, a sanitiser for garments

Swedish odour control technology company Polygiene has launched...

Pic: PVH/ Calvin Klein

Apparel/Garments | On 2nd Apr 2020

PVH FY19 revenue grows 3% to $9.9 billion

PVH Corp, a US-based global apparel companies, has reported 3 per...

Interviews View All

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


March 2020

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


Advanced Search