Downing Street has left the door open for the UK to join the EU trading system as part of its plans to “reset” ties with Europe and boost economic growth.
The EU's new trade chief, Maros Sefcovic, who led post-Brexit negotiations for the bloc, said last week he would consider letting Britain join the Pan-Euro-Mediterranean Convention (EMP), which allows trade in goods without customs duties across Europe. North Africa and the Middle East.
Although the Labor government has ruled out rejoining the EU's single market or customs union, it wants to improve what it called Boris Johnson's “botched Brexit deal” and wants the EMP to be able to deliver a simple way to achieve this without crossing what we call red. lines.
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“It is easy to understand why a self-proclaimed government obsessed with growth might seek to move closer to the EU,” said Anand Menon and Joël Reland of Changing Europe in The observer. “It is less clear why he is seeking what he is, nor whether it will be easy to achieve it.”
Framed by pre-election commitments aimed at winning over Eurosceptic voters in Red Wall constituencies in the North and the Midlands, “all that remains is to tinker with the margins of the existing deal”. And because the EU is “much happier with the status quo than the UK,” the bloc has the upper hand in negotiations.
The problem is that a lot has changed since this deal was made. Five years on, it is “clear” that Brexit has “imposed costs, particularly on goods exports, without any major offsetting benefits”, said The Economist. At the same time, the “geopolitical situation has deteriorated,” with Russia's war in Ukraine, China's growing influence and the return of Donald Trump to the presidency, making it “less attractive to act alone in Europe.
Given all this, Brussels is “perplexed” “that the UK is not more ambitious on trade”, said The paper i. However, the offer to join the EMP is “very much under consideration in Whitehall, where officials see no harm in joining the project”.
And then?
Sefcovic told BBC that “the ball is in the United Kingdom’s court”. But the UK's post-Brexit relationship “has many strands”, said The Observer, “any or all of which could interact with and derail the reset negotiations – should they formally begin” .
New deal with Europe likely to be 'amalgam', says The Independentconsisting of “some modest improvements in veterinary controls and phytosanitary rules; mutual concessions in fisheries; some limited youth mobility schemes; as well as an embryonic 'defense union', still secondary to the NATO.”
Starmer will “deliver “Brexit 2.0”, with the suggestion of other things to follow in the 2028-29 manifesto”. But this much-vaunted “reset” will end up being “messy and satisfying to no one – disappointing for ghosts and infuriating Brexit supporters”.
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2/ https://theweek.com/business/economy/five-years-on-can-labours-reset-fix-brexit
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