UK Trade with EU

(asked on 5th March 2018) - View Source

Question to the Department for Exiting the European Union :

To ask Her Majesty's Government, further to the speech by the Prime Minister on 2 March, what estimate they have made of (1) the cost to public funds, (2) the number of personnel, and (3) the number of adapted or new UK institutions required, to operate "reciprocal binding commitments to ensure fair and open completion", to operate "an arbitration mechanism that is completely independent", "to ensure we have the means to consult each other regularly", to manage "an arrangement for data protection", and to maintain economic, cultural, and social links between the people of the UK and the EU following the end of freedom of movement of people.


Answered by
Lord Callanan Portrait
Lord Callanan
Shadow Minister (Foreign, Commonwealth and Development Office)
This question was answered on 19th March 2018

The Prime Minister has set out five foundations that must underpin our future trading relationship with the EU. These are: reciprocal binding commitments to ensure fair and open competition; a completely independent arbitration mechanism; ongoing dialogue with the EU, in particular between our regulators; an arrangement for data protection that goes beyond an adequacy agreement and maintaining the links between our people.

The details underpinning how this will work - including funds, personnel and institutions required - will depend on the outcome of negotiations.

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