Europe and Britain grandstand in trade negotiations but search for compromise

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LONDON - Barely a week after Britain left the European Union, both sides are engaged in grandstanding, staking out extravagant and unrealistic claims about the conditions which will govern their future relationship.. Read more at straitstimes.com.

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LONDON - Barely a week after Britain left the European Union, both sides are engaged in grandstanding, staking out extravagant and unrealistic claims about the conditions which will govern their future relationship.

According to the schedule agreed between London and Brussels, all the trade talks must be concluded by the end of the year, when the current transitory arrangements, which allow both sides to trade as though no separation had taken place, expire. But the British reject this approach. In a speech at the start of the week - pointedly delivered in the historic rooms at Greenwich outside central London, the same location from which the commanders of the British fleet planned the defeat of European powers in past centuries - Prime Minister Boris Johnson rejected the need for Britain's formal acceptance of all EU rules and regulations, by claiming that Britain could follow EU regulations without actually accepting them.

What Prime Minister Johnson would prefer is to give an informal British undertaking that the country's trade rules will never be inferior to those of the EU. Mr Johnson would also like to set up a special arbitration tribunal outside EU structures to resolve any future trade disputes. Yet while trade talks appear tricky, there are tentative proposals for possible cooperation frameworks in other areas.

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