Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home World Business

EU says further Brexit extension would be required for Labour to renegotiate deal

byCT Report
01/11/2019
in World Business
Share on FacebookShare on Twitter

A further Brexit extension would be required for a Labour government to renegotiate the terms of Brexit, the European Commission said on Thursday.

Labour plans to secure a softer agreement that keeps the UK inside a customs union and single market regulations – and then put the result of talks to a Final Say referendum with the option to remain.

You might also like

Markets, oil drop in Asia but bitcoin edges towards $50,000

12/02/2021

Asia markets slip as dealers take breath in holiday-thinned trade

11/02/2021

Asked whether the new treaty struck with Boris Johnson could be reopened during the current extension – which runs until February 2020 – a spokesperson for the European Commission told reporters in Brussels:

“I can only refer you to the European Council decision that was adopted on 29 October to extend Article 50 to 31 January 2020 as the UK requested itself.

“In this decision the European Council, with the agreement of the UK, has made clear that any reopening of the withdrawal agreement is excluded. So this is where we are now.

“The extension was granted in order to give the UK more time to ratify the withdrawal agreement that has been negotiated for the past two years.”

EU chief negotiator Michel Barnier has in the past said a customs union and single market membership are on the table and could be added to the so-called “political declaration” relatively quickly. This declaration document is separate from the withdrawal agreement.

Labour leader Jeremy Corbyn and his team have paid regular visits to the European Commission headquarters in Brussels over the last few years to keep on top of the situation and meet with Michel Barnier and his team.

Related Stories

Markets, oil drop in Asia but bitcoin edges towards $50,000

byCT Report
12/02/2021

HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while...

Asia markets slip as dealers take breath in holiday-thinned trade

byCT Report
11/02/2021

HONG KONG: Asian equities pulled back on Thursday after a strong run-up in recent weeks as investors took a breather...

Asian markets push higher as traders focus on recovery outlook

byCT Report
10/02/2021

HONG KONG: Most Asian markets advanced again Wednesday as investors ignored a stall in Wall Street’s rally, with eyes firmly...

Asian markets track Wall St records on reopening hopes

byCT Report
09/02/2021

HONG KONG: Equities pushed ever higher in Asian trade on Tuesday following another record-breaking performance on Wall Street as vaccinations...

Next Post
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry background

Brookfield set to sail from $2b-plus Qld coal port

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.