because 5 European states (including Italy) are preparing for the trade war – time.news

by time news

Representatives of Italy, France, Germany, Spain and the Netherlands met with the vice-president of the European Commission, Maros Sefcovic, post-Brexit negotiator for the EU, to ask him to elaborate contingency plans for a possible trade war, writes the Financial Times. Options include limiting UK access to EU energy supplies, imposing duties on UK exports and, in extreme circumstances, terminating the trade agreement between the two parties. Sefcovic today, Friday 15 October, will meet Lord David Frost, Britain’s post-Brexit minister.

Summit between the EU negotiator and the English Lord

Sefcovic told the newspaper that he prefers a constructive path with the UK. This week it is not about Article 16 (the unilateral suspension of the agreement, ed) to be honest, but proposals. And I trust that Lord Frost and the UK government will see enormous credit in what we are putting on the table, he said. Sefcovic added that he was open to different solutions, but warned: This process cannot go on forever.


The EU-Great Britain agreement in the balance and the knot of Northern Ireland

The main EU member states – writes the London financial daily – are putting pressure on Brussels to come up with harsh retaliatory measures if the UK were to implement its threat of suspend trade agreements for Northern Ireland enshrined in the Brexit agreement.
British Brexit Minister Lord David Frost warned on Tuesday that London could seek to suspend much of the Northern Ireland Protocol, the part of the Withdrawal Agreement that establishes the region’s trade deals since Britain left the country. ‘EU. By invoking Article 16 of the protocol, the UK could ignore many of the requirements of the Protocol on Northern Ireland, but the EU would be expected to react in such circumstances, explains the Financial Times.

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