Commission’s VP Dombrovskis warns of no-deal Brexit

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The EU and UK must speed up bilateral talks, in the event that they search to strike a post-Brexit commerce settlement, the European Commission’s Executive Vice-President, Valdis Dombrovskis warned on Monday, saying he doesn’t exclude a no-deal state of affairs.

“There are many outstanding issues. Progress on a number of key EU asks so far is not sufficient. So we would need to intensify negotiations substantially if we are to reach a successful outcome,” Dombrovskis stated after a casual assembly of the bloc’s commerce ministers in Berlin, Reuters reported.

“The alternative of a no-deal Brexit is not appealing, but we cannot exclude it,” he stated, including that “from our side, we are doing preparations for this scenario.”

Dombrovskis, took over the commerce portfolio following a reshuffle in Ursula von der Leyen’s College of Commissioners. The shake up in her workforce got here after EU’s commerce chief, Phil Hogan, resigned earlier in September, following stories revealing that he broke Coronavirus restrictions in his nation, by attending a golf dinner. Hogan was quickly changed by Dombrovskis, whose new submit got here amid very important commerce negotiations with the US and the UK.

UK has admitted that the Internal Market invoice would override parts of the Brexit Withdrawal Agreement and would breach worldwide regulation in a “very specific and limited way.”

Brussels, in flip assist that for the reason that Withdrawal Agreement got here into power on February 1 and the Protocol on Northern Ireland is a necessary a part of it, “neither the EU nor the UK can unilaterally change, clarify, amend, interpret, disregard or disapply the agreement.”

EU’s stance was reiterated final week, by von der Leyen, who, whereas delivering her State of the Union (SOTEU) speech stated that the EU will “never backtrack” on the Brexit Withdrawal Agreement.

“It cannot be unilaterally changed, disregarded or disapplied. This is a matter of law and trust and good faith,” von der Leyen stated.

Quoting former British Prime Minister Margaret Thatcher, she highlighted that “Britain does not break treaties. It would be bad for Britain, bad for relations with the rest of the world, and bad for any future treaty on trade.”