Tag Archives: business

‘No-deal’ Brexit looming

The chances of the “no-deal” departure of the UK form the EU are becoming real. The experts, monitoring the situation, have noticed that the the British government has removed the word “unlikely” from its official guidance, telling companies and citizens how to prepare for a disorderly exit in case the UK leaves the bloc without a deal.

The government has issued a number of notices in recent months with advice on what needs to be done before the country leaves the EU after almost four decades of membership on March 29. (The application for joining the bloc was submitted in 1979). The notices cover all spectrum of endeavor from the transporting of organs, blood and sperm to nuclear regulation and organic food.

The notices had initially referred to a possibility of a departure without a deal as ‘unlikely’, at present the documents removed the assessment, and refer to a looming disorderly Brexit in a neural tone as “no-deal scenario“.

 

Hammond: clarity on customs is top priority

“Britain is leaving the political institutions of the EU; but it is not leaving Europe, and British prosperity is, and always will be, closely bound to European prosperity,” – said  Chancellor of the Exchequer Philip Hammond, addressing the European Business Summit in Brussels (24/05/2018) – “So Europe’s success – and the success of the Euro as a currency – is very strongly in Britain’s interest, and we will not do anything which jeopardises that success”.

“Our economy is recognisably a European-style economy with high levels of consumer and worker protection, a highly developed social welfare system and strong environmental standard, and it is the clear wish of the British people, regularly demonstrated, to keep it that way as we build a new deep and special partnership with the European Union” – Hammond continued.

“We have made significant progress since Article 50 was triggered, just over a year ago both in our own internal debate about what Brexit should mean, and in our negotiation with the EU”.

“I know that for business getting clarity on our future customs relationship is a top priority, and so it should be a top priority for European governments too” – Hammond underlined.

European Business Summit is an organization creating  and supporting networking and debating events in Brussels, including  the annual European Business Summit #EBS2018, with a principal goal to bring business and politics together and stimulate debate on the most challenging European issues of the moment. The latest event took place in d’Egmont Palace, Brussels on 23-24 May 2018.

#EBS2018: EU preserving multilateralism

The EU top diplomat Federica Mogherini participated in a #EBS2018 debate on the changing role of the European Union at global stage, and challenges to bloc’s defence of a multilateral rules based international order. Mogerini took floor at the European Business Summit in Brussels #EBS2018 together with her Belgium counterpart Minister of Foreign Affairs and European Affairs of Belgium Didier Reynders. “The EU awareness of its own role has changed… in the past couple of years”, – Mogherini said. The EU crucial influence on maintaining multilateralism, liberal democracies, and open societies are the challenges the bloc faces today, she continued.

Mogherini gave special attention to the European values as a binding element for the member-states, describing the organisation as a “family” of nations, which came to “rule together”. “The EU is not only about budget but it is a community of citizens”, the diplomat added.

Pacta servanda sunt. It’s a test on EU, that we can take our own decisions, exercise sovereignty, protect our interests. And show strength. We have challenges, but we can preserve the deal if the Iranians stay in and respect it as they are doing” – Mogherini said,  reflecting upon the situation with the nuclear deal #JCPOA.

Belgium Minister Didier Reynders confirmed that his country will continue contributing in finding multilateral solutions to the big challenges of our times alongside and in support of the European Union, namely in the issues of foreign policy, defence and migration.  He also put forward his proposals on strengthening the rule of law mechanism in the EU – “internal credibility enhances EUs external credibility”, the diplomat said, underlining that the internal strength of the bloc inevitably translates into its foreign policy potential.

 

 

May welcomes “new dynamic” in EU-UK talks

The UK Prime Minister Theresa May welcomed the approval by European Union leaders at EU March Summit of a transition period to give an opportunity to businesses to adapt after Brexit, telling the EU27 to ride the “new dynamic” in upcoming trade talks.

May statement confirmed the appreciation of the reached agreement is mutual.The European Council welcomed the agreement reached by the negotiators on parts of the
legal text of the Withdrawal Agreement covering citizens’ rights, the financial settlement, a number of other withdrawal issues and the transition. The European Council recalled that other issues still require agreement and negotiations can only progress as long as all commitments undertaken so far are respected in full, and welcomes in this respect Prime Minister May’s written assurances notably regarding Ireland/Northern Ireland.

 

 

Russia-US: business has a key role

Russian President Vladimir Putin is grateful to US businessmen for their participation in the St. Petersburg International Economic Forum against the backdrop of the continuing slump in Russian-US relations.

“I would like to thank all Russian and US organizers, I would like to thank our American friends for coming to today’s event,” Putin said in his opening remarks at the SPIEF-2017 panel session Russia-US Business Dialog on Friday.

The Russian leader recalled that Russia and the United States “as influential world powers maintain a dialog within the framework of different formats – in the Group of 20, in the APEC and other organizations and interact on key global and regional issues.”

“There is no chance of getting away from it all, but it is very good, thank God, that this process is continuing,” Putin said.