© Reuters. Puzzle with printed EU and UK flagsBRUSSELS (Reuters) – The European Union wants an ambitious future partnership with Britain, including zero tariffs and quotas, but will demand commitments to ensure open and fair competition, according to the EU’s draft mandate for negotiations released on Monday.
The demand for a level playing field was the only section in bold of the 33-page document.
“Given the Union and the United Kingdom’s geographic proximity and economic interdependence, the envisaged partnership must ensure open and fair competition, encompassing robust commitments to ensure a level playing field,” the document said.
The partnership should ensure “common high standards” in state aid, competition, state-owned enterprises, labor and environmental standards and “relevant tax matters”, it said.
The partnership, the document said, should ensure the application of EU state aid rules to Britain.
The draft mandate also sees a role for the Court of Justice of the European Union, for example in the case of a dispute.
EU governments are expected to approve the draft negotiating mandate on Feb. 25, allowing negotiations to begin at the start of March.
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Source: Economy - investing.com
