Asked by: Earl of Kinnoull (Crossbench - Excepted Hereditary)
Question to the Department for Exiting the European Union :
To ask Her Majesty's Government whether, as part of their Brexit negotiating strategy, they intend UK products to be treated, during the transition period, as EU content for the purposes of (1) EU regulatory structures, and (2) trade agreements held by the EU with other countries.
Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)
The EU and UK have both said that EU rules and regulations should continue to apply during the implementation period.
During this strictly time-limited implementation period, the UK and the EU would continue to have access to one another’s markets on current terms, and the UK would take part in existing security measures.
In the Implementation Period, the UK will take steps to pave the way for the UK’s independent trade policy after we exit. As such, we will be able to negotiate our own free trade agreements, although we would not bring them into effect until after the implementation period has concluded.
The government is committed to seeking continuity during the Implementation Period in its current trade and investment relationships, including those covered by EU Free Trade Agreements or other EU preferential arrangements.
Asked by: Earl of Kinnoull (Crossbench - Excepted Hereditary)
Question to the Department for Exiting the European Union :
To ask Her Majesty's Government whether, as part of their Brexit negotiating strategy, they are seeking to ensure that during the transition period following the UK’s withdrawal from the EU all current trading terms will continue to apply for UK business trading with the EU27; and whether they intend to offer such reciprocal obligations on the UK as would be required to enable this to happen.
Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)
We have proposed an implementation period, based on the existing structure of EU rules and regulations. During this period the UK’s and the EU’s access to each other’s markets will continue on current terms. It is in the interests of both the UK and the EU to agree the terms of this period as quickly as possible, in order to provide vital certainty to businesses and citizens. We are confident that there is broad agreement between the UK and EU positions on the implementation period, and that we will come to an agreement by March.