We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Enterprise secretary hints UK might be a part of European commerce space
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Politics > Enterprise secretary hints UK might be a part of European commerce space
Politics

Enterprise secretary hints UK might be a part of European commerce space

By Editorial Board Published January 24, 2025 4 Min Read
Share
Enterprise secretary hints UK might be a part of European commerce space

The federal government has hinted it’s open to becoming a member of a tariff-free buying and selling scheme as a part of its plan to “reset” its relationship with Europe.

Enterprise Secretary Jonathan Reynolds advised that becoming a member of the Pan-Euro-Mediterranean Conference (PEM) could possibly be acceptable because it “is not a customs union”.

Politics newest: Minister ‘hopes’ Southport killer dies in jail

The cupboard minister was chatting with the BBC following a gathering on Thursday with Maros Sefcovic, the EU’s commerce commissioner accountable for post-Brexit negotiations.

Mr Sefcovic had earlier informed the broadcaster the EU would contemplate the UK becoming a member of the PEM, which permits for tariff-free commerce of products throughout Europe in addition to some North African and Levantine nations.

Mr Reynolds described his feedback as “incredibly positive” and “helpful”.

He added: “We can improve the terms of trade with the EU in a way which doesn’t revisit customs unions or single markets or the arguments of Brexit, and we can do that whilst pursuing closer trade links around the world.”

Mr Reynolds additionally declined to rule out a deal on meals and farm merchandise that will contain mirroring EU guidelines, referred to as “dynamic alignment”, saying this too did not cross any of the federal government’s “red lines”.

Sir Keir Starmer has dominated out a return to the customs union or single market as a part of his ambition for nearer ties with Europe following the fractious post-Brexit years.

Picture:
Enterprise Secretary Jonathan Reynolds says becoming a member of the PEM could possibly be acceptable

Labour’s 2024 manifesto as a substitute pledged to “negotiate a veterinary agreement to prevent unnecessary border checks and help tackle the cost of food”. Nevertheless, particulars of this have remained obscure.

Mr Reynolds’ feedback go additional than Downing Avenue yesterday, when a spokesperson mentioned the federal government didn’t “currently” have plans to hitch the PEM and wouldn’t “provide a running commentary”.

Learn Extra:Badenoch says Tories made ‘errors’ on BrexitLabour MPs informed to again EU youth mobility scheme

Head of commerce coverage, William Bain, mentioned: “Joining would reduce paperwork and costs for many UK firms as it would align rules and regulations on both sides in relation to the sourcing or components and raw materials used in exports.

“This could cowl a variety of markets for our exporters and provides larger flexibility throughout provide and sourcing chains. “

Please use Chrome browser for a extra accessible video participant

Former President Donald Trump gestures before speaking at the New Hampshire Federation of Republican Women Lilac Luncheon, Tuesday, June 27, 2023, in Concord, N.H. (AP Photo/Steven Senne)

2:40

Will UK be spared Trump tariffs?

He added that new PEM guidelines are as a result of apply in 2026, which might make the transition simpler, and really useful a cost-benefit evaluation of the deal beforehand “as the advantages will vary by sector”.

The Lib Dems have additionally been pushing for nearer ties with Europe, amid looming considerations over potential Trump tariffs.

Social gathering chief Sir Ed Davey, who in the end needs a return to the customs union, mentioned ruling out the PEM proposal could be an “act of economic negligence”.

However on the opposite finish of the political spectrum, the Conservatives accused Labour of “bending the knee” to the bloc.

Dame Priti Patel, the shadow international secretary, mentioned: “These latest reports that the government might shackle us to the European Union are deeply concerning, and once again make clear that Keir Starmer and his chums are all too happy to put their ideology ahead of our national interest, no matter the cost.”

TAGGED:areaBusinessEuropeanhintsJoinSecretarytrade
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Yoshinobu Yamamoto dominates as Dodgers defeat Giants in eleventh inning to take sequence

Yoshinobu Yamamoto dominates as Dodgers defeat Giants in eleventh inning to take sequence

Sports
July 13, 2025
Hundreds attend the Capital Metropolis Comedian Con this weekend

Hundreds attend the Capital Metropolis Comedian Con this weekend

LANSING, Mich. (WLNS) -- Comedian e book lovers from Michigan to elsewhere have been on…

July 13, 2025
Man in custody after barricading himself inside Sterling Heights Stellantis plant

Man in custody after barricading himself inside Sterling Heights Stellantis plant

LANSING, Mich. (WLNS) -- In accordance with Stellantis, a person is in custody after police…

July 13, 2025
A Contemporary Tackle Summer time Soup: Spring Pea Gazpacho

A Contemporary Tackle Summer time Soup: Spring Pea Gazpacho

This story is a part of The EDIT: Summer time Situation. Our quarterly journal celebrates the…

July 13, 2025
Trump says Slotkin 'hates' the U.S. after she launched invoice requiring ICE brokers to unmask

Trump says Slotkin 'hates' the U.S. after she launched invoice requiring ICE brokers to unmask

LANSING, Mich. (WLNS) -- U.S. Sen. Elissa Slotkin (D-Mich.) and two different Democrats launched a…

July 13, 2025

YOU MAY ALSO LIKE

Heidi Alexander says ‘equity’ will likely be authorities’s ‘tenet’ in relation to taxes at subsequent funds

One other trace that tax rises are coming on this autumn's funds has been given by a senior minister.Talking to…

Politics
July 13, 2025

Justice system ‘near damaged’, Met Police chief says – as he admits London’s ‘shameful’ racism problem

In a wide-ranging interview with Sunday Morning with Trevor Phillips, the commissioner stated that relations with minority communities are "difficult…

Politics
July 13, 2025

‘Shameful’ that black boys in London extra more likely to die than white boys, says Met Police chief

The commissioner instructed Sunday Morning with Trevor Phillips that relations with minority communities "is difficult for us". Sir Mark, who…

Politics
July 12, 2025

Dozens of MPs name for UK authorities to recognise Palestine as state

Almost 60 Labour MPs have known as on David Lammy and the Overseas Workplace to right away recognise Palestine as…

Politics
July 12, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?