The European Union could soften demands in trade talks that Britain follow its state aid rules, diplomats and officials have said, just as the bloc's own splurge to cushion the hit from the coronavirus has stretched its competition rules.
WARSAW/BRUSSELS - The European Union could soften demands in trade talks that Britain follow its state aid rules, diplomats and officials have said, just as the bloc’s own splurge to cushion the hit from the coronavirus has stretched its competition rules.
The negotiations have so far made little progress. Britain wants a trade deal with no tariffs or quotas and few strings, while the EU wants a closer alliance that would also cover security, climate and transport, and to align regulations closely between the world’s largest trading bloc and its fifth biggest economy.
London rejects being bound by EU state aid rules since escaping the bloc’s laws and jurisdiction was a major Brexit promise to voters.The 27 EU member states’ joint negotiating mandate stipulates that the United Kingdom should follow the bloc’s state aid rules in the future, a notion Britain’s negotiator David Frost called “particularly egregious”.
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