EU Commission discusses UK exit strategy

Posted on: 24/02/2017

The Commission wants to structure any future EU free-trade deal with the United Kingdom as a “mixed agreement,” mirroring the format of the EU-Canada trade deal approved this year, one of the EU officials said. That would enable parliaments across the EU to veto parts of the text — the same way Belgium’s Walloons held up the Canadian deal — while keeping other elements as the exclusive competence of the EU.

That could be a particular concern for London, as it could delay an agreement and subsequent trade deal with the remaining EU27 while individual countries could hold up a deal on issues ranging from access for U.K. financial institutions to the rights of EU workers in Britain

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