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4:34, 13 November 2017

Theresa May to meet EU business leaders

Theresa Could to meet EU enterprise leaders

  • 13 November 2017
  • From the section Organization
Associated Subjects

  • Brexit
Europe flag outside parliamentImage copyright AFP

European enterprise leaders will meet Prime Minister Theresa Might later on Monday to voice issues about the future of UK-EU trade.

Specialists from groups like the CBI and BusinessEurope will anxiety the need for a transitional deal that preserves the status quo after Brexit.

They will urge the government to clarify the future relationship among the UK and the rest of the EU.

The subsequent round of Brexit talks is due to begin in mid-December.

They will meet Mrs May possibly at No 10, as effectively as Organization Secretary Greg Clark, Brexit Secretary David Davis and Financial Secretary to the Treasury Stephen Barclay.

  • Brexit: All you need to have to know
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  • Barnier: UK has ‘two weeks’ to clarify issues

The CBI and the Institute of Directors will be represented, as will business organisations from France, Germany, Spain, Italy, the Netherlands, Ireland, Sweden, Poland, the Czech Republic and Belgium.

But there are issues that future trade talks could collapse ahead of December’s EU summit.

EU chief negotiator, Michel Barnier, has warned that the talks will only go ahead if the UK initial clarifies its economic obligations to the EU.

Mr Davis has said the UK was «ready and willing» to engage with Brussels «as frequently and as rapidly as necessary».

Shared input

The enterprise leaders are set to tell the prime minister they want genuine progress on a future free of charge trade agreement, as nicely as a transitional arrangement till that can be implemented.

Mrs May is expected to reiterate the UK’s commitment to securing an implementation period of about two years when the nation leaves the EU in March 2019.

She will also ask the organization professionals to share their input on how the UK and EU can continue to thrive side by side in industry and financial development.

Image copyright AFP
Image caption Michel Barnier warned of the feasible collapse of upcoming Brexit negotiations

The BBC’s business editor, Simon Jack, says some UK company leaders in favour of Brexit are concerned that a transition period preserving the current arrangements will delay and frustrate Britain’s attempts to strike new independent bargains.

Our editor says that whilst hoping a deal with the EU can be achieved, some are concerned that the lack of progress so far plays into the EU’s hands.

They are consequently recommending the government uses its time to prepare for a «no deal» situation which would see the UK trade with Europe on the exact same terms — and tariffs — as the rest of the globe.

BBC News — Residence

Source: New feed

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