LONDON (Reuters) – British Prime Minister Boris Johnson set out his negotiating terms for trade talks with the European Union in a speech in London on Monday.
Below are the highlights of the speech:
ON RELATIONS WITH THE EU
“There is no need for a free trade agreement to involve accepting EU rules on competition policy, subsidies, social protection, the environment or anything similar, any more than the EU should be obliged to accept UK rules.”
“The UK will maintain the highest standards in these areas… without the compulsion of a treaty.”
“Here is the question: Are we going to insist that the EU does everything that we do as the price of free trade? Are we? Of course not.”
ON A CANADA-TYPE DEAL
“We want a comprehensive free trade agreement similar to Canada’s but in the unlikely event that we do not succeed then our trade will have to be based on our existing withdrawal agreement with the EU.”
“Let’s be clear the choice is emphatically not deal or no deal, we have a deal.”
“The question is whether we agree a trading relationship with the EU comparable to Canada’s or more like Australia’s and I have no doubt that in either case the UK will prosper.
“Our new relationship with our closest neighbours will range far beyond trade.”
ON WHISKY TARIFF
“It is high time, I think we all agree, that they (the United States) cut their punitive tariffs on Scotch Whisky.”
ON A RACE TO THE BOTTOM
“We will not engage in some cut-throat race to the bottom.
“We are not leaving the EU to undermine European standards. We will not engage in any kind of dumping,