Egypt's stock market slightly up, main index falls after Juhayna head arrest    42nd Cairo International Film Festival opens today amid strict precautionary measures    Not so Merry Christmas looms for coronavirus-hit Europe    Asian stocks mixed on Wednesday after Wall Street surged overnight    Armed bank robbers storm another Brazilian town, battle police in streets    UK approves Pfizer-BioNTech Coronavirus vaccine, first in the world    A gloomy Christmas in store for Gaza handicraft workshop    Deadline for reconciliation requests in building violations pushed back till end of 2020: Egypt cabinet    Egypt's capital inflows fell by half in FY2019/20, CBE    Live score: Manchester United v Paris Saint-Germain (UEFA Champions League)    Egypt confirms 392 new coronavirus cases, 16 deaths on Tuesday    Champions League a headache for Atletico: Simeone after Bayern draw    Egyptian expats to print ballots starting Thursday for 2nd stage of parliamentary run-offs    Iran's president rejects bill that would boost enrichment    In '76 Days,' a documentary portrait of lockdown in Wuhan    19-year-old Jones sends Liverpool into last 16 with Ajax win    Eni reaches agreements with Egypt, Naturgy to restart operations at gas plant in Damietta    Cooperation between Egypt and Tanzania    Gana Hena play at Al-Ghad Theatre is a must go    A final battle    Upgrading transport    Free Devastation    France aiming for broader COVID-19 vaccination campaign in spring: Macron    Egypt reports 370 new coronavirus cases, 14 deaths on Monday    Brexit unresolved, as EU, UK say big differences remain    Cairo International Book Fair suspended for five months over coronavirus concerns    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Breaking Brexit treaty? Britain unveils details for post-EU life
Published in Ahram Online on 09 - 09 - 2020

Britain unveils legislation on Wednesday for life outside the EU, having thrown its trade talks with the bloc into jeopardy by announcing in advance that the new plans would break international law and "clarify" a deal it signed in January.
The announcement of the plans, which the government said would break international law "in a very specific and limited way", has contributed to concerns Britain could be cast out of the European Union's single market with no agreement on trade.
The pound has slid 2.5% this week against the dollar, having posted its biggest daily fall on Tuesday since a coronavirus-related selloff in March.
Britain quit the EU in January but has remained part of the single market under a status quo agreement which expires in December. It has been negotiating a trade deal that would then take effect, but says it is willing to walk away if it cannot agree favourable terms.
The British government minister responsible for Northern Ireland, Brandon Lewis, told parliament on Tuesday that Wednesday's new bill would break international law, but was needed to clarify the Brexit agreement in the event the sides fail to reach a trade deal.
Ireland's Deputy Prime Minister Leo Varadkar called it a "kamikaze" threat that had backfired.
Britain's top civil service lawyer resigned abruptly on Tuesday over what newspapers described as concern about government plans that would break the law.
The trade negotiations have all but stalled over disagreements over fisheries and state aid. The EU's chief Brexit negotiator Michel Barnier is due in London on Wednesday to meet his British counterpart David Frost with both parties warning they have until October to agree a deal.
The EU has warned Britain that if it reneges on the divorce treaty there would be no trade agreement.
"We need to make sure that our British partners respect their commitments," French junior trade minister Franck Riester said on Wednesday.
EU diplomats are uncertain whether Britain's Internal Market Bill is part of a negotiating strategy, following comments by Prime Minister Boris Johnson this week that both sides should move on if no deal could be struck.
END TO UNELECTED EU POWERS
The new bill will ensure that "no longer will unelected EU bodies be spending our money on our behalf," said Michael Gove, the minister handling Brexit divorce issues for Britain.
"These new spending powers will mean that these decisions will now be made in the UK, focus on UK priorities and be accountable to the UK parliament and people of the UK."
On Northern Ireland, Lewis said the provisions would ensure businesses based there would have "unfettered access" to the rest of Britain, without paperwork. It would also ensure there would be no legal confusion about the fact that while Northern Ireland would remain subject to EU rules on state aid for business, Britain would not.
Northern Ireland, which borders EU member Ireland, has always been a stumbling block in talks, and almost killed off the Brexit deal until Johnson found agreement with then Irish Prime Minister Varadkar last year.
That agreement calls for border-free trade on the island of Ireland, which the EU says should in some cases require checks on goods passing between Northern Ireland and Britain. But Johnson has ruled out requiring export declarations or tarrifs on such goods. He has also said Britain would not be bound by EU rules on providing state aid to companies.
Senior members of Johnson's Conservative Party have voiced anger that Britain might consider breaching its obligations under an international treaty.
"Any breach, or potential breach, of the international legal obligations we have entered into is unacceptable, regardless of whether it's in a ‘specific' or ‘limited way'," Bob Neill, chairman of parliament's justice committee said.


Clic here to read the story from its source.