Tuesday, March 12, 2019
National interests will play a leading role in the EU-UK Brexit future relationship negotiation
- If Article 50 is extended, that extension could become the de facto 21-month implementation period.
- UK-EU free trade negotiations will expose divisions within the EU-27 as national interests become more prevalent.
- Negotiating a free trade agreement with the EU-27 will weaken the United Kingdom’s capacity to pursue such agreements with non-EU actors.
- Ireland will strengthen existing economic ties and create new ones, in Europe as well as around the world.
UK MPs vote today on the Brexit Withdrawal Agreement. If it is rejected, they will vote on a no-deal Brexit, and if that is rejected they will vote to extend Article 50. An extension would probably be acceptable to all EU countries, especially given the economic damage that a no-deal Brexit would cause.
Whichever the outcome of today’s vote, a future EU-UK free trade agreement is vital for the future relations between Brussels and London. If necessary, both sides could extend the 21-month Brexit implementation period to give more time to reach a trade agreement.
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