The EU will not agree to a post-Brexit trade deal unless the U.K. commits to a level playing field in trade and regulatory matters, Council President Charles Michel warned on Friday.
He also reminded London that all 27 EU countries must sign on to any agreement. France’s Europe minister said Friday that Paris could use its veto if the deal is “not good.”
“In order to make a deal, we need agreement on both sides,” Michel said, speaking at a news conference marking his first year since taking office. “We want a deal and that’s why we tried from the very beginning to be a loyal partner.”
But he added that the EU was ready for a no-deal scenario if Britain won’t respect the bloc’s red lines.