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LONDON (AFP) – Here are the key points of the British government's proposal, adopted on Friday for future relations with the European Union after Brexit, centered on a new "free trade area for goods" .
it would avoid border controls between Northern Ireland and Ireland and would protect supply lines, while respecting national promises to end the jurisdiction of the European Court of Justice (ECJ), control migration and allow Britain to establish its own trade policy. 19659002] Britain and the EU would maintain a "common rule book for products including agri-food", London accepting in a treaty "harmonization in progress" only with the rules of the EU needed to reduce friction at the border. This plan would facilitate trade in agricultural, food and fish products and protect integrated supply chains and just-in-time processes that are vital for, for example, the automotive industry.
expect to play an "important role" in the development of international standards underlying these rules.
Britain would leave the Common Agricultural Policy and the Common Fisheries Policy
Britain would retain regulatory flexibility for its dominant service sector, "where potential trade opportunities outside the United States". EU are the biggest "in exchange for limited access to EU markets. rights allowing UK financial firms to operate freely in the EU, but suggests arrangements "that preserve the mutual benefits of integrated markets and protect financial stability."
Britain would legally bind itself to adopt a common regulation on regulator-related arrangements "on competition.
Both parties would agree to maintain high regulatory standards for the industry.
The EU and Great Britain would establish a "common institutional framework" to ensure the consistent interpretation of the legal agreements between them.
In Britain, this could be done by British courts, "Taking due account of EU case law" in the relevant areas, but the ECJ would no longer have jurisdiction.
Both parties should agree on a means of resolving disputes, including through binding independent arbitration, that it would "apply EU tariffs and trade policy for goods destined for the United Kingdom, and tariffs and policy EU trade p for goods destined for the EU ".
This arrangement should eliminate the need for customs controls and controls between Great Britain and the EU, "as a combined customs territory".
This would give Britain the right to control its own tariffs and to conclude trade agreements with third countries. The UK puts an end to the free movement of people from the EU, but offers British and European citizens to continue to travel and apply to study and work in
The government reaffirmed that it It was in the interests of both parties to reach an agreement
But "given the short time remaining before the necessary conclusion of the negotiations this autumn, we agreed that the preparations should be strengthened". for a range of potential outcomes, including that no agreement is reached.
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