Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Red Lines on Brexit Negotiations


(European Parliament News)

 An overwhelming majority of the house (516 votes in favour, 133 against, with 50 abstentions) adopted a resolution officially laying down the European Parliament’s key principles and conditions for its approval of the UK’s withdrawal agreement. Any such agreement at the end of UK-EU negotiations will need to win the approval of the European Parliament.

MEPs stress the importance of securing equal and fair treatment for EU citizens living in the UK and British citizens living in the EU. They also point out that the UK remains an EU member until its official departure, and that this entails rights but also obligations, including financial commitments which may run beyond the withdrawal date.

The resolution warns against any trade-off between security and the future EU-UK economic relationship, opposes any sort of cherry picking or a piecemeal economic relationship based on sector-specific deals, and reiterates the indivisibility of the four freedoms of the single market - free movement of goods, capital, services, and people.

Finally, the resolution says that only when “substantial progress” has been made in talks on how the UK is to leave the EU can discussions begin on possible transitional arrangements. These arrangements must not last longer than three years, while an agreement on a future relationship can only be concluded once the UK has left the EU. Click here to read more.

Related: 7 Things the U.S. Business Community Wants from Brexit Negotiations (U.S. Chamber of Commerce)