However, the UK government also intends to conclude a comprehensive agreement on services, which are an important part of the UK economy. „We have made it clear that we are looking for services to register, and I think the political statement also contains that,“ Johnson`s spokesman said Friday. Phil Hogan, the EU`s trade chief, has already hinted that access to financial services could be one of the compromises at the end of negotiations, for example on fishing rights. „We are taking back control of our laws, so we will not have a high level of alignment with the EU and an alignment of the legislation with its rules,“ Raab said. We want to cooperate and we expect the EU to meet its commitments to the free trade agreement on the Canadian model. That is what we are following. There is a good chance of winning. They did. On the European side, Michel Barnier, the EU`s chief Brexit negotiator, proposed Canada as a scenario in the now famous „Barnier slides“ of 2017. When all options crossed the RED lines of the United Kingdom (for example. B free movement) were set aside, Canada was pretty much the only model left. CETA eliminates most, not all, but most tariffs on goods traded between the European Union and Canada. The EU agreement with Canada is referred to as a comprehensive economic and trade agreement, short for Ceta.
The nearest countries tend to trade more, particularly with goods, and this is the case in the UK and the EU. It remains to be seen whether the UK`s repeated preference for a Canadian-style trade agreement will be met with some element of success or will be forgotten, as developments will continue in the coming weeks. However, this is a critical step in assessing the final outcome and a summary of what Brexit should bring to the UK. If the negotiations result in an „agreement with Australia,“ it is likely that no agreement has actually been reached. With time running out and the negotiating agenda focusing on key issues, final policy decisions are getting closer. One possible choice is for both parties to leave because what is being proposed is politically unfit for life. Another is to agree on a limited agreement and to continue independently of it. By repeatedly calling for a „Canada regime,“ the United Kingdom seems to accept that a limited agreement is the best thing to achieve and that it indicates the conditions that would be largely acceptable to it.
It is therefore increasingly important for critics and understanding of the negotiations to understand what the EU-Canada Comprehensive Economic and Trade Agreement (CETA) entails. It will also be a critical political comparison for any agreement accepted or rejected. Trade negotiations are crucial, because now that Britain has officially left the bloc – the first nation of all time – Johnson hopes to have a new grand agreement by the end of the year. The services sector, and in particular the financial services sector, is essential for the UK economy, particularly financial services. In December 2017, Brexit Minister David Davis called for a „Canada more more“ agreement to „achieve a cross-cutting free trade agreement, but also services, which Canada is not doing.“ This view of CETA as a possible response contrasts with the EU`s view that even the most comprehensive Canada-style cross-sector agreement could not compete with what was offered to a Briton before Brexit. The EU is such that the UK`s proximity to the EU to Canada and the comparative level of trade between it means that the expectation of similar free trade agreements with Canada is unrealistic and would not be in the long-term interests of the EU or its Member States.