Exclusive: Macron lays ground for netting Brexit compromise on fisheries

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France is preparing its fishing industry for a smaller catch after Brexit, industry members said, in a sign that President Emmanuel Macron is laying the ground for a delicate compromise to help the European Union strike a trade deal with Britain.

FILE PHOTO: French President Emmanuel Macron receives a gift on a trawler as he visits the harbour of Lorient, France, June 1, 2017. REUTERS/Stephane Mahe

Privately, his government has gone further, bluntly telling France’s politically influential fishing industry to brace for impact, sources told Reuters, in comments that instantly pushed sterling and British bond yields higher. “One single objective: to defend and protect the interests of fishermen,” Clement Beaune said on Twitter. “We’re fighting... for French fishing.”

Asked to comment on Vicquelin’s account of the meeting, Beaune told Reuters he had told the industry representatives to no longer expect to maintain “the status quo”.The exchange illustrates France’s twin strategy in the Brexit negotiation - talking tough in public while quietly preparing to fish less in British waters from 2021.

In an early indication of movement on fisheries from London, Britain last month offered a transition period from 2021 to increase its catch gradually rather than overnight.Britain says it would become an “independent coastal state” controlling its waters and who fishes there once its transition out of the EU is complete.

 

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Macron's betrayal of the French fishermen has begun! France willing to curtail fishing for Brexit deal

Haha! Looks like the French have finally seen the brutal reality of how Brexit is going to damage them.

The British need to focus pointedly on US trade agreements as a priority. The US is a solid and permanent entity with no equal anywhere. Europe is an equally large market 'presently', but it is always just a small spark away from fragmentation and rarely if ever united. FACTS!

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