Reuters reports latest draft guidelines from the European Union (EU), noting that EU is ready to begin trade talks before Brexit.
Ready to open trade talks before Brexit as soon as sufficient progress on divorce terms are made
EU is willing to offer transition to a future relationship but must be limited in time and subject to enforcement
During transition, EU regulatory, budgetary, supervisory and enforcement instruments and structures will apply to UK
UK must respect all financial and legal commitments to EU, including contingent liabilities
Brexit cannot offer the same benefits as membership
EU/UK free trade deal cannot offer partial single market access and must prevent fiscal, social and environmental dumping
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