![]() ![]() “The agreement should include reciprocal commitments not to weaken or reduce the level of protection afforded by labor laws and standards in order to encourage trade and investment,” the document said. ![]() ![]() “They should include reciprocal commitments to regulation-making processes that are robust, transparent, evidence-based and proportionate, and ensure that regulatory burdens are kept to a minimum.” “The agreement should include provisions on good regulatory practice and regulatory co-operation, in relation to business activities,” the document said. “These provisions should apply to business enterprises where the state has significant control through full, majority or minority ownership.”īritain will have its own regime of subsidy control, the document says, and the agreement should include an obligation on both parties to notify the other every two years on any subsidy granted within its territory applying to goods or services. ![]() “The agreement should ensure that the UK and EU’s state owned enterprises operate in a fair and transparent manner and do not discriminate against businesses in the other party when buying and selling on commercial markets,” the document said. The mandate says that Britain has left the bloc with the same rules as in the EU, thereby providing a “strong basis” for concluding the assessments on time. “The agreement should include legally binding obligations on market access and fair competition,” the document said.īritain also wants arrangements to allow regulators on both sides to co-operate and build “enduring” confidence that can deal with rules as they evolve. FINANCIAL SERVICESīritain said it wants legally binding obligations on access to the EU financial market coupled with arrangements for maintaining trust as rules evolve.Ī trade deal with the bloc should provide a “predictable, transparent and business-friendly environment” for cross-border financial services activities, Britain said. The two sides have until June to get what London’s negotiating team called “the broad outline of an agreement” to be finalised by September, otherwise Britain would head for an Australian-style agreement, a looser trading arrangement. Here is a link to the mandate document: hereīelow are some of the key sections: TIMING FILE PHOTO: Participants hold a British Union flag and an EU flag during a pro-EU referendum event at Parliament Square in London, Britain June 19, 2016. ![]()
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January 2023
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