Foster to tell US administration that party is working towards a ‘sensible’ Brexit agreement
Ulster Unionist Party MEP Jim Nicholson said the proposed no-deal tariff regime should refocus minds on the importance of getting a good deal done.
WTO rules require equal treatment by states of their trading partners, with limited exceptions, and Mr Schinas warned implicitly that the UK announcement may break those rules. If they do the EU might refer the UK to a WTO disputes panel. “This is essential for the EU in order to remain a reliable trading partner to the rest of the world, including upholding internationally agreed rules on global trade.”
Another EU spokesman said that the UK was well aware of the EU’s obligations under the World Trade Organisation, implying that London would not expect reciprocation of the tariff gesture.
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