{"id":141106,"date":"2020-01-21T03:00:15","date_gmt":"2020-01-21T03:00:15","guid":{"rendered":"https:\/\/www.bnreport.com\/eu-threatens-fines-or-trade-sanctions-if-uk-reneges-on-brexit-deal\/"},"modified":"2020-01-21T03:00:15","modified_gmt":"2020-01-21T03:00:15","slug":"eu-threatens-fines-or-trade-sanctions-if-uk-reneges-on-brexit-deal","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/eu-threatens-fines-or-trade-sanctions-if-uk-reneges-on-brexit-deal\/","title":{"rendered":"EU threatens fines or trade sanctions if UK reneges on Brexit deal"},"content":{"rendered":"<p>Brussels plans to impose fines or even suspend trade benefits if the U.K. does not comply with the terms of a planned post-Brexit deal, the European Commission said Monday.<\/p>\n<p>A presentation shared with EU diplomats says that the bloc wants its future relations agreement with Britain to be governed by \u201cefficient and effective arrangements for management, supervision, implementation and review\u201d of the deals clauses.<\/p>\n<p>The push for robust enforcement comes as the EU insists on the need to accompany the deal with a strong level playing field, meaning the adherence to the blocs environmental, social and competition rules. Brussels has also noted with concern that U.K. Chancellor Sajid Javid <a href=\"https:\/\/www.politico.eu\/article\/no-alignment-with-eu-rules-after-brexit-says-uk-chancellor-sajid-javid\/\" rel=\"noreferrer noopener\" target=\"_blank\">said over the weekend<\/a> that \u201cthere will be no alignment\u201d with EU rules post Brexit.<\/p>\n<p>A <a href=\"https:\/\/www.politico.eu\/wp-content\/uploads\/2020\/01\/Governance-EU-UK-deal.jpg\" rel=\"noreferrer noopener\" target=\"_blank\">graphic obtained by POLITICO<\/a> shows that the Commission wants to discourage the U.K. from violating the rules of a future deal by establishing an joint committee that seeks to solve disputes via consultations, or starts legal proceedings if mediation is unsuccessful.<\/p>\n<p>In the latter case, an arbitration panel would assess whether the issue relates to EU law, and in such a case send it to the Court of Justice of the EU in Luxembourg for a \u201cbinding ruling,\u201d or alternatively rule itself on the dispute.<\/p>\n<p>To ensure comp<a href=\"https:\/\/www.politico.eu\/article\/eu-threatens-fines-or-trade-sanctions-if-uk-reneges-on-brexit-deal\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/snap.md\/wp-content\/uploads\/2018\/03\/politico-logo.jpg\"\/><\/p>\n<h5><a href=\"https:\/\/www.politico.eu\/\" rel=\"noreferrer noopener\" target=\"_blank\">politico<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brussels plans to impose fines or even suspend trade benefits if the U.K. does not comply with the t..<\/p>\n","protected":false},"author":1,"featured_media":141107,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-141106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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