Date ArticleType
7/24/2017 Member News
The EU-BREXIT Split means more than just walking away from the EU trade agreement

People visit the WTO's headquarters during the Open Day at the WTO: 'Merci Geneve', at the World Trade Organization WTO headquarters in Geneva, Switzerland, 14 June 2015. [Laurent Gillieron//EPA]

The European Union and Britain plan to put forward a joint proposal for reform of the terms of their World Trade Organisation (WTO) membership in September or October, an EU source said on Monday (17 July), as London negotiates to leave the EU.

The two sides are also discussing sharing liabilities from trade disputes including WTO litigation over Airbus subsidies in a long-running case with the United States, the EU source said.

“Currently we are in talks with the United Kingdom to come to a joint approach on the matter, on all the aspects of the divorce, with regard to the WTO. And I would think that, come the month of September/October, we will be able to come jointly to the rest of the (WTO) membership,” the EU source said, speaking on condition of anonymity.

The joint approach would address aspects of the EU’s WTO membership terms, known as its WTO “schedules”, that are not easily split between Britain and the other 27 EU members: agricultural tariff quotas, agricultural subsidies and commitments on services trade.

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