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Brexit: A pragmatic trade agreement? Time is tight but deal remains possible

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  • Rudloff, Bettina
  • Schmieg, Evita

Abstract

The negotiating mandates for the next round of Brexit talks are on the table. The European Union is making talks on a deal regulating EU/UK trade from 1 January 2021 conditional on reaching a fisheries agreement first - originally by July, although the precise timetable may be derailed by the corona crisis. The negotiating mandates diverge in significant respects: The European Union wants to safeguard its Single Market with its strong, shared regulation. That is also reflected in its recently published draft proposal for a trade deal. The United Kingdom seeks liberation from EU trade rules. These differences are substantial, and significant compromises will be needed if the talks are to be brought to a successful conclusion. Intelligent prioritisation and structuring could allow resolution of certain details to be postponed until a later date.

Suggested Citation

  • Rudloff, Bettina & Schmieg, Evita, 2020. "Brexit: A pragmatic trade agreement? Time is tight but deal remains possible," SWP Comments 18/2020, Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs.
    • Handle: RePEc:zbw:swpcom:182020
    DOI: 10.18449/2020C18
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