Britain will develop its personal regime to manage #StateSupport – #Frost

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Britain will develop its personal system for regulating state support and controlling subsidies after its post-Brexit transition interval is over, London’s negotiator for the long-term relationship with the European Union mentioned on Monday (17 February), write Gabriela Baczynska and John Chalmers.

“Obviously we will develop our own state-aid system, our own anti-subsidy regime once the transition is over,” David Frost advised an viewers after delivering a lecture at a Brussels college.

The EU needs Britain to accepts its rules and laws on state support as a part of a tariff- and quota-free commerce deal to protect towards unfair competitors with a big competitor on its doorstep.

Frost mentioned that the UK was not ready to compromise on the elemental elements of its negotiating place with the EU, and was “not frightened” by solutions there could be commerce frictions and boundaries because of the deal finally agreed.

He added that it was completely attainable to be each an financial competitor and political companion with the EU sooner or later.

He mentioned the UK was “not asking for anything special”, only a regular commerce settlement that the EU has with different nations all over the world.

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Category: A Frontpage, Brexit, EU, State support, UK