Saturday, September 14

Bespoke trade deal between the UK and EU is possible


 

 

Emmanuel Macron says it will be possible for Britain to secure a bespoke trade deal but only if the UK accepts certain preconditions.

The French president said that while a special solution could be secured, full access to the single market without accepting its rules was not feasible.

The comments were made during an interview recorded for BBC One’s The Andrew Marr Show on Sunday. Macron has been in the UK for his first visit since taking office.

On Thursday, at the end of a joint press conference with Theresa May at Sandhurst military training college, he rejected the idea of a tailored Brexit deal for Britain’s financial services sector. Macron said full access to EU markets would not be possible unless the UK pays into the EU budget and accepts all its rules.

In the interview with Marr, he said there was a competition between different countries to attract financial services companies in the future and that France wanted to attract the maximum activity.

The Brexit secretary, David Davis, has said he is seeking a Canada plus plus plus arrangement, based on the EU-Canada trade treaty, but with additional access for services. However, EU negotiators have stressed that Britain will not be allowed to cherry-pick sectors.

Pressed on whether there would be a bespoke special solution for the UK, Macron said: Sure, but … this special way should be consistent with the preservation of the single market and our collective interests.

And you should understand that you cannot, by definition, have the full access to the single market if you don’t tick the box.

He added: So it’s something perhaps between this full access and a trade agreement.

He stressed that the UK would not be able to gain access to the single market without first agreeing to preconditions, which would include freedom of movement, budget contributions and the jurisdiction of the European court of justice.

He said: There should be no cherry-picking in the single market because that’s a dismantling of the single market.

As soon as you decide not to join the [EU] preconditions it’s not a full access. What is important is to not make people believe that it is possible to [have your cake and eat it].

In the interview, which will be broadcast in full on Sunday morning, Macron also said the door was still open for Brexit to be reversed, saying EU member states would become 27 unhappily.

Asked if it was inevitable that Britain would leave, he replied: I mean, it’s on your own. It depends on you. I mean, I do respect this vote, I do regret this vote, and I would love to welcome you again.