|Published : 15 Apr 2017, 14:01:03 | Updated : 15 Apr 2017, 14:08:39|
Does UK still reserve right to attend EU trade talks?
After filing for the Brexit divorce, does the UK reserve the right to get access to sensitive information in the European Union's trade discussion? The EU fears the presence of the Brexit nation in such meetings may entail a conflict of interest, according to reports in the global media.
EU’s chief Brexit negotiator, Michel Barnier, fears that Britain could use information gleaned from “sensitive” EU trade discussions to outbid the bloc in its negotiations with third countries, such as Australia.
But UK international trade secretary Liam Fox expects the UK to play its full role until it exits the bloc in 2019.
Over the next two years, the UK will remain party to EU trade negotiations while simultaneously preparing its own bilateral trade deals for signing after Brexit.
Mr Barnier has told the European Commission there should be a discussion about the treatment of sensitive information in the context of certain trade negotiations, to which the UK would continue to have access to while it remains a full member of the union.