EU Would Rather Have Trade Deal With UK But Only After Brexit

The European Union wants to negotiate an ambitious trading partnership with Britain after Brexit, but will only do so once divorce issues are settled and on the basis of fair competition, including on tax, food safety and environment standards.

“If we manage to negotiate an orderly withdrawal, to fully respect the integrity of the single market and establish a level playing field, there is every reason for our future partnership to be ambitious. This is our preferred option,” Michel Barnier told a conference in Brussels on Monday.

“This is why we have started internal preparations with member states to be ready to talk about the future as soon as we have agreed how to settle the past. The EU will be ready to offer its most ambitious FTA (free trade agreement) approach.”

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza