United Kingdom stance on Irish border threatens to stall Brexit talks: Tusk

Russian President Vladimir Putin attends a meeting during his visit in Samara Russia Wednesday

Despite the EU's insistence that any trade deal can not involve "cherry picking", the sector was singled out yesterday by EU Council President Donald Tusk as he set out the bloc's Brexit negotiating aims.

"The problem is everyone has seen this as a regulatory issue, but financial services is really a trade issue", he said.

The former Polish premier said he wanted a standard free-trade deal with Britain after 2019, insisting that Britain could not "pick and mix" the benefits of European Union membership.

In a joint statement airport associations ACI Europe and the AOA welcomed the comments "This charts the way forward for the future aviation relationship and thus potentially reduces uncertainty for our sector", it says.

"What we are proposing is more ambitious, and an FTA would be part of the association agreement", he said.

Foster, whose party supports Prime Minister Theresa May's Conservative government, added that she was disappointed that a return to violence in Northern Ireland had been raised in Brexit talks by those with little knowledge of the region.

Limitations on cross-border financial activities are "customary" in free trade agreements, which always impose "exclusions, reservations and exceptions" to market access for services, it states.

It offers a deal that's barely better than the one struck with Canada, which restricts services cooperation.

European Commission President Donald Tusk said Wednesday that a free-trade deal with no tariffs on goods is the most Britain could aim for once it leaves the bloc.

"I fully respect the Chancellor's competence in defining what is in the UK's interest but he must allow us to define what is in the EU's interest", he said.

Britain says the European Union's warning that Britain can't have frictionless trade with the bloc after Brexit is only a draft, and is hoping for a more flexible final position.

The EU has spelled out the hard choices for the UK.

Chancellor Philip Hammond is suggesting he could allow the European Union access to the UK's fishing waters as a bargaining chip to ensure a good deal for the city of London post-Brexit, according to reports.

Tusk's guidelines, which are expected to be adopted by leaders of the remaining 27 member states at a summit on March 22, said that Britain's own red lines "will inevitably lead to frictions".

The EU draft made clear that United Kingdom banks will be allowed to sell services in the EU "under host-state rules, including as regards right of establishment for providers".

The European Parliament will call for a broad-based "association agreement" with Britain after Brexit that goes beyond a narrow focus on trade, according to a draft resolution to be voted on next week.

"Firms now want to see swift agreement on the transition period, to provide much-needed certainty and allow us to focus on reaching a mutually beneficial trade deal", said Stephen Jones, chief executive of UK Finance, a banking lobby. That is the essence of Brexit'.

"In fact, this will be the first free trade agreement in history that will weaken economic relations rather than strengthen them". We are not going to sacrifice these principles.



Latest news

National Football League scouting combine schedule 2018: Defensive backs workouts close out the combine
Yes, he was expected to run fast, but hype creates pressure on top prospects to perform up to expectations. With the top selection, the Browns have their pick of this year's quarterbacks.

Mark Cuban passed lie detector test for 2011 sexual assault allegation
He says he was never charged, after he passed a polygraph test and police determined there was insufficient evidence. The woman also provided Portland Police with seven photos, two of which McGuire reportedly deemed "significant".

F1 sees distinguished manufacturers make a welcome return
It would also be nice to see a more competitive side to the sport, which usually sees one side dominate the entire season. The team is looking at Charles Leclerc from Ferrari, Marcus Ericsson or Antonio Giovinazzi who is a reserve for Ferrari.

Cyber Monday 2017 – The top sellers in electronics this year
Apple’s 9.7-inch Wi-Fi enabled iPad Pro was also still a great seller thanks to massive price discounts from retailers. Microsoft dropped their game changing console update, the Microsoft Xbox One X with a 1TB hard drive and 4K compatibility.

Other news