EU ministers agree on terms of ‘painful’ Brexit divorce

Published November 20, 2018
Anti Brexit campaigners demonstrate at Westminster in London on November 19, 2018. —AP
Anti Brexit campaigners demonstrate at Westminster in London on November 19, 2018. —AP

BRUSSELS: European ministers signed off on Britain’s draft divorce deal on Monday as they launched a “painful” final week of negotiations on future cross-Channel ties.

Brexit negotiator Michel Barnier and the Union’s Austrian rotating presidency said the negotiated text would be presented to EU leaders at a signing summit on Sunday.

“The first, difficult step is done,” said Austrian European affairs minister Gernot Bluemel, whose country holds the rotating EU presidency, after the ministers’ meeting. “A painful week in European politics is starting,” he warned. “We have the divorce papers on the table. Forty-five years of difficult marriage are coming to an end.”

Meanwhile, detailed discussions continue on a parallel political statement setting out the bloc’s ambitions for future relations with post-Brexit Britain — and on a possible extension to the transition period.

Britain will leave the Union on March 29 next year, but remain within its single market for a further 21 months as negotiators seek a deal to avoid a potential breakdown in trade between the key economic partners.

If the parties struggle to find a deal before the end of this period, Britain can request a one-off extension. Barnier has suggested that this should expire at the end of 2022, but he said member states have yet to sign off on this.

Neither European member states, who want to protect access to their single market, nor hardline British Brexiteers, who fear being trapped in a bloc where they don’t make the rules, want an endless transition.

Barnier stressed it was Prime Minister Theresa May’s British government that requested the extension option and warned: “It can’t be indefinite. It needs to be decided.”

In London, May said she wants to reach a trade deal by the end of 2020 to avoid asking for an extension, but that if the transition is prolonged it should be out of the way by “the next general election”.

If May survives domestic anger over the deal, the next British election is scheduled for 2022.

Preparations continued meanwhile for Sunday’s summit, where May and her 27 colleagues are supposed to sign the withdrawal agreement. “We’re in the closing stages of negotiating the deal at the moment,” she said. “Nothing is agreed until everything is agreed.”

May will be in Brussels this week to see the president of the EU commission, Jean-Claude Juncker, but her spokesman could not say when she would arrive.

While the EU 27 have remained publicly united through the 17-month negotiation, Britain’s political camps are fighting bitterly among themselves.

Published in Dawn, November 20th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...
Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.