The EU has been slapped down over a trade dispute, with Brussels stating that it is “not interested in money, but all about control.”
In trade talks with the United Kingdom, European Union leaders have been chastised for being “all about control” and not “chasing the money.”
During post-Brexit negotiations with the UK, the European Union has been accused of prioritizing “control” over “money.” Catherine McBride, a fellow at the Centre for Brexit Policy, said at a TRT World roundtable debate that Brussels’ interest in free trade is a “laugh.” She told the panel that the EU is a customs union whose main purpose is to defend European firms, and that the UK must look for new trade opportunities overseas.
“The idea that Britain is somehow not going in with the spirit of world commerce and the EU is kind of a joke,” Ms McBride told TRT Roundtable.
“I mean, the EU is a customs union, and its entire purpose is to shield its own firms from international trade.”
“The EU has not offered any type of financial service equivalent to the UK, and they are frantically attempting to take that business for themselves.”
“Australia had no trouble striking a trade agreement with the United Kingdom,” she continued.
“In fact, they offered the UK greater conditions than the UK offered Australia.
“Moreover, Australia does not have a trade agreement with the European Union.
“Because the EU has done everything it can to make that as difficult as possible.
“They’ve been haggling for years and haven’t achieved anything.”
“I think a lot of Brexiteers went into this feeling that it would be all about following the money,” Ms McBride remarked regarding the post-Brexit negotiations.
“As well as the fact that the financial crisis would triumph.
“And a lot of people in Brussels…don’t really care about that; they’re more concerned about control.
“I believe the United Kingdom must accept that.”
“If the EU doesn’t want to trade, they won’t trade, and we’ll have to find new partners,” she continued.
“We’ve already discovered that Australia has struck a deal with New Zealand.
“They are currently aiming to join the Pacific Partnership, and they have an agreement with Japan.
“They have carried over all of their agreements from when they were a member of the EU.”