Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Government

France warns of bloody Brexit talks battle

It’ll get ugly, France warns/AFP

MUNICH, Germany, Feb 16 – France on Sunday warned Britain to expect a bitter, bloody battle in Brexit trade talks with the EU, saying the two sides would “rip each other apart”.

Negotiations for a deal on future EU-UK relations are not due to start until next month, but London and Brussels have already clashed over rules for British financial firms’ access to the EU after Brexit.

French Foreign Minister Jean-Yves le Drian said it would be tough to achieve Britain’s aim of agreeing a free trade deal by the end of the year, with the two sides far apart on a range of issues.

“I think that on trade issues and the mechanism for future relations, which we are going to start on, we are going to rip each other apart,” Le Drian said at the Munich Security Conference.

“But that is part of negotiations, everyone will defend their own interests.”

Britain formally left the EU two weeks ago but still trades like a member under a transition period ticking down to the end of this year.

The remaining 27 EU states are currently drawing up their mandate for the talks on the future relationship, with France in particular pushing for a strong stance, notably on the vexed question of fishing.

France and several other countries want to be able to keep fishing in British waters, while London wants full autonomy and limited access for European fishermen.

“Let’s hope the talks are done as quickly as possible, but there are a lot of issues and some difficult points to deal with,” said Le Drian, who is from the important French fishing region of Brittany.

The bloc’s chief negotiator Michel Barnier has said the EU’s top priorities are fishing, security and maintaining fair trading conditions for European companies.

Advertisement. Scroll to continue reading.

In a sign of the likely bruising exchanges ahead, Barnier this week told London not to kid itself about EU access for its prized financial services sector.

Barnier firmly rejected a British suggestion that City of London companies could be given broad, permanent access to EU markets without conditions.

Before the January 31 exit from the EU, Britain said it wanted an ambitious and comprehensive accord with the European bloc.

But since then, Prime Minister Boris Johnson’s government has dialled back, signalling it is willing to accept trade friction in return for sovereignty.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Headlines

NAIROBI, Kenya, Mar 16 – The World Bank has given the Kenyan government USD 60 Million (Sh6.1 billion) to help combat the deadly coronavirus pandemic...