Sunday, February 2, 2020

Britain to seek Canada-style free trade deal with EU


LONDON -- Two days after Brexit, British officials pushed the European Union on Sunday for a Canada-style free trade arrangement as British Prime Minister Boris Johnson geared up for a key speech to spell out his government's negotiating stance.
Foreign Secretary Dominic Raab told Sky News that Britain will seek a deal that imposes very few tariffs even though he said Britain will not seek to align its regulations with the EU.
"We are taking back control of our laws, so we are not going to have high alignment with the EU and legislative alignment with their rules,” Raab said. “We will want to cooperate and we expect the EU to follow through on their commitments to a Canada-style free trade agreement. That's what we are pursuing. There is a great opportunity here for win-win."
EU officials, despite offering friendly words to the British public over the weekend after the divorce that took effect Friday night, warn that Canada only achieved largely tariff-free trade status by bringing many of its rules into line with EU regulations. EU officials fear that the U.K. could water down its environment or health and safety precautions, undermining EU businesses.

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