From: RegTech Analyst
Signing a great trade deal with the EU after Brexit might be trickier for Boris Johnson than he lets on.
The new UK government has begun the process of writing a trade deal with the EU that will form its relationship after Britain abandon’s the bloc.
Boris Johnson has long touted that the UK can sign a trade deal like the one between Canada and the EU. He even urged previous prime minister Theresa May in September 2018 to negotiate his vision for Brexit – a “Super Canada” deal.
However, European lawmakers are seemingly not planning to make it easy for him. Apparently, the European Commission is gearing up to offer Britain a trade deal on tougher terms than what Canada, Japan and many other countries have, according to sources speaking with The Telegraph.
The European Commission has warned EU members against allowing UK industry bodies to be allowed to certify that British goods conform to EU standards.
If true, that would mean that the Mutual Recognition Agreements that have been given to other nations would not be granted to the UK. The block is motivated by a desire to protect European businesses as Johnson and the chancellor of the Exchequer Sajid Javid have both repeatedly said they do not plan to align UK rules with those of the EU.
If that would happen and the EU would still sign Mutual Recognition Agreements with UK authorities, the European Commission warns that it would give the nation an unfair advantage against its European competitors.