How is it that the BBC opts to paint this as a negative for Brexit negotiations whilst everyone else, the Remain backing FT included, interpret it as a positive for Britain?
Listening to the radio in the car and I hear from the BBC that a recent ECJ ruling concerning an EU-Singapore trade deal means that any deal between the UK and the EU will need ratification by all EU member states and many regional parliaments as well….this will of course, the BBC tells us, be bad for Brexit and will mean we are mired in negotiations for years.
Thought I’d check…just because….here’s the BBC web report…
An EU-Singapore free trade deal cannot take effect fully unless parliaments in all 28 member states approve it, the EU’s top court has decided.
The legal opinion at the European Court of Justice (ECJ) could delay progress towards a UK free trade deal with the EU during the Brexit negotiations.
Indirect “portfolio” investments and commercial arbitration are issues that need national approval, the ruling said.
The verdict makes it more likely that any UK-EU free trade deal will have to be ratified by national and regional parliaments in the EU.
Note that last line…because it is rubbish, false, fake.
The Institute of Directors, one of Britain’s leading business organisations, welcomed the decision. “This ruling will probably make it easier for the EU to conclude trade deals without fear of as many hold-ups from national and sub-national legislatures,” said Allie Renison, head of EU and trade policy.
Er…isn’t that the exact opposite of what the BBC is peddling?
And as for all states and parliaments having to ratify…only two issues would need that….
In its widely awaited decision, the ECJ ruled that the EU had exclusive competence in all but two aspects of the Singapore agreement. Only for issues in those two areas — portfolio investments and a dispute-settlement regime for investments — would a deal require unanimous backing by member states.
The Telegraph reports…
Britain’s ambition to sign a quick Free Trade Agreement with the European Union after Brexit has received a significant boost after a landmark ruling by the European Court of Justice handed expanded trade negotiation powers to Brussels.
The much-anticipated decision from the court in Luxembourg surprised experts by ruling that on key areas – including financial services and transport – the European Union does not need to seek ratification of a trade deal by the EU’s 38 national and local parliaments.
Trade experts said the ECJ ruling could substantially reduce the risk of any future EU-UK free trade agreement getting bogged down in the EU national parliaments, opening the way for an FTA to be agreed by a qualified majority vote of EU member states.
“The Court of justice says all services – even transport – can be ratified by a qualified majority vote, which is potentially quite a big opening for the UK,” said Steve Peers, professor of EU law at Essex University. “It could certainly make things easier.”
Never, ever, take the BBC’s word for anything.