Posted on: 23/03/2017
Once Article 50 is triggered focus will be on Article 218 which sets out the procedures by which the EU can make all sorts of agreements including trade deals, strategic-political accords, or environmental agreements.
In declaring that its chief Brexit negotiator, Michel Barnier, will not have a mandate to negotiate a trade deal or other future agreement, Brussels is clearly seeking some tactical advantage, trying to force resolution of divorce issues like the U.K.’s post-Brexit financial obligations and the rights of citizens. Only if Barnier brings the EU27 a satisfactory result on that front, officials say, will leaders consider broadening his mandate to include a future trade deal or other partnership agreement.
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EU Trade & Intrastat: the Brexit Effect