Fx trading news: UK and EU will start trade talks, British employers urge not to sacrifice the service industry!

 

2020-02-25 11:44      from:CAPSTONE    author:Jack

Capstone forex trading news: According to foreign media reports, the Confederation of British Industry, an organization representing British employers, urged British Prime Minister Johnson not to exclude financial services and other services when reaching a trade agreement with the European Union. If the United Kingdom and the European Union insist on their positions, many employers worry that the service industry will be affected.
 
The organization said on the 24th that Britain cannot regain control of the British economy at the cost of excluding its huge service industry from trade agreements.
The UK and the EU are expected to start negotiations on a trade agreement in March. A Reuters survey this month showed that most economists believe that the most likely outcome is an agreement that targets only commodities.

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Caroline Fairbain, director general of the British Industry Federation, said British companies support many of the government's negotiating goals, such as ensuring zero trade tariffs and allowing data to flow freely. "Every effort must be made in the negotiations to save exporters time and money and avoid new paperwork, costs and delays," she said.
The British Federation of Industry said it acknowledged that the idea of ​​supporting Britain's stay in the EU Customs Union is now gone, posing a challenge to the world's fifth largest economy.
 
The UK and the EU have serious differences on some key issues, the most important of which is that the UK insists that it must be able to freely formulate its own business rules, while the EU wants a level playing field on issues such as the environment and state aid.
The British Federation of Industries said it agreed with the government that the UK must be able to seize new opportunities and develop regulatory requirements for emerging technologies in areas such as artificial intelligence, digital payments and quantum computing, "but to make the UK truly a new frontier Pioneer, its world-leading industry must not be distracted by the heavy burden of exports. "


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