{"id":64280,"date":"2018-02-17T00:54:16","date_gmt":"2018-02-17T00:54:16","guid":{"rendered":"http:\/\/www.bnreport.com\/merkel-post-brexit-trade-deal-need-not-mean-cherry-picking\/"},"modified":"2018-02-17T00:54:16","modified_gmt":"2018-02-17T00:54:16","slug":"merkel-post-brexit-trade-deal-need-not-mean-cherry-picking","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/merkel-post-brexit-trade-deal-need-not-mean-cherry-picking\/","title":{"rendered":"Merkel: Post-Brexit trade deal need not mean \u2018cherry-picking\u2019"},"content":{"rendered":"

The U.K. and the EU can find a \u201cfair balance\u201d in Brexit trade talks that would not mean the U.K. \u201ccherry-picking\u201d the most beneficial aspects of single market access, Angela Merkel said Friday.<\/p>\n

Speaking in Berlin after meeting Theresa May, the German chancellor insisted she was not \u201cfrustrated\u201d by the U.K.\u2019s failure so far to give a detailed account of its goals in the future economic relationship with the EU \u2014 \u201cjust curious.\u201d<\/p>\n

However, she appeared to offer an olive branch by suggesting that the U.K.\u2019s hopes of a bespoke deal may be achievable. Asked about bespoke arrangements \u2014 as opposed to the starker options of single market membership or a Canada-style trade deal \u2014 she said it was \u201cnot a given\u201d that such an arrangement \u201cmeans cherry-picking.\u201d<\/p>\n

\u201cIn the end the outcome needs to be a fair balance that deviates from the single market and is not as close a partnership as we\u2019ve had, but I think one can find that,\u201d she said, according to the official translation of her remarks.<\/p>\n

Merkel\u2019s characterization of her post-Brexit preferred trade deal as one that is \u201cas close as possible but \u2026 different to what Britain currently has as a member,\u201d will be welcomed by U.K. officials pursuing a middle-way between full participation in the single market and a limited free trade agreement that would be unlikely to provide deep trade ties for British financial services firms.<\/p>\n

May, who will set out the U.K.\u2019s goals for the future security and law enforcement relationship with the EU at the Munich Security Conference on Saturday, countered suggestions she has not been forthcoming with the U.K.\u2019s plan, saying the Brexit negotiation \u201cisn\u2019t just a one way street.\u201d<\/p>\n

However, she confirmed that she would be \u201csaying something in the coming weeks\u201d on her plans for the future economic partnership.<\/p>\n

Her Cabinet is yet to finally approve the U.K.\u2019s negotiating stance, but May is expected to deliver a speech outlining the U.K.\u2019s aims in more detail at some point between next week \u2014 when ministers will meet for an awayday to settle outstanding issues \u2014 and the March European Council summit.<\/p>\n

Cabinet ministers are split between those who want to align closely with EU rules and regulations in most areas to maintain the closest possible trade ties and those who want to diverge from EU rules, allowing more room for maneuver in post-Brexit trade deals with other countries.<\/p>\n

\u201cI want to ensure that U.K. companies have the maximum freedom to trade and operate within German markets \u2014 and for German businesses to do the same in the U.K.,\u201d May said.<\/p>\n

The two leaders met for over an hour, a U.K. official said, covering Brexit, but also the U.K. and Germany\u2019s interest in maintaining the Iran nuclear deal, and countering shared security threats.<\/p>\n

Officials traveling with May expressed satisfaction with the meeting, pointing out that Merkel was offered a chance to express frustration with the U.K., in response to a journalist\u2019s question \u2014 and declined.<\/p>\n

Original Article<\/a><\/p>\n

[contf] [contfnew] <\/p>\n

<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"

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