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Britain will lose more from Brexit than EU, bloc's foreign policy chief says

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Britain will lose more from Brexit than EU, bloc's foreign policy chief says

REUTERS

 

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Federica Mogherini, High Representative of the European Union for Foreign Affairs, delivers a speech at Tsinghua University, in Beijing, China April 20, 2017. REUTERS/Jason Lee

 

BEIJING (Reuters) - Britain will lose more than the European Union from its decision to leave the bloc, the EU's top diplomat said on Thursday, and talks with London were expected to be difficult.

 

Prime Minister Theresa May formally began Britain's divorce from the EU last month, declaring there was no turning back, ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.

 

Britain now has two years to negotiate the terms of the divorce before it comes into effect in late March 2019.

 

The EU's foreign policy chief, Federica Mogherini, said during a visit to Beijing the negotiations would be difficult.

 

"They will have to dismantle their belonging to a community. We will lose an important member state," she told students at the elite Tsinghua University.

 

"Let me tell you that to me all member states are important, equally, because one can be contributing more on some policies than others. But I think our British friends will lose more than what we lose," she said.

 

Brexit negotiations will start as planned in June, after Britons vote in a snap general election, the EU said on Wednesday. Britain's parliament has endorsed May's call for a vote on June 8.

 

"It's clear in our treaties that it is two years, only two years, from when the negotiations start, that was March this year. This cannot be delayed. I do not expect that it will be faster than that," Mogherini said.

 

China has looked on with some concern at the Brexit process, nervous about instability in the bloc that is China's largest trading partner. It will lose around a sixth of its economic output when Britain leaves the EU.

 

"The European Union, even after the UK will be out, will continue to be the first market in the world, the second largest economy in the world," Mogherini said.

 

"I am seeing all our partners in these months telling us that the European Union is needed, and this is the message I also get from here in China that the European Union is an indispensable partner in the world today," she said.

 

(Reporting by Christian Shepherd; Writing by Ben Blanchard; Editing by Paul Tait)

 
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-- © Copyright Reuters 2017-04-20
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6 minutes ago, colinneil said:

Maybe so, looking at your user name it looks like you are a fifer, dunfermline area.

A lot of Scots want us to remain, i cannot think of a reason why.

Sorry to disappoint you but I am not Scotish its just the name of a place in Scotland I once had a connection with. 

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I sure EU will be firm yet fair to UK during negotiations. After all UK is not sailing away after brexit, but will stay as our neighbour. 

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37 minutes ago, oilinki said:

I sure EU will be firm yet fair to UK during negotiations. After all UK is not sailing away after brexit, but will stay as our neighbour. 

Yes, but will we reciprocate?

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7 minutes ago, Grouse said:

Yes, but will we reciprocate?

I hope so, it's after all in your for your benefit as well.

 

To be honest, I never paid any attention to UK politics prior brexit became an issue. Now I want the brexit to be over as fast as possible so that I don't have to notice UK anymore. 

 

I could not believe how nasty the UK 'politics' was. For me that's not politics, where people find best solutions and compromises to develop the society for the future. 

 

1 year 11 months.

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ID: 13   Posted (edited)

With formerly Great Britain in rapid downsize and isolation mode and with the US thumbing its nose at TPP etc,  CHINA is now promoting the RCEP which would cover Southeast Asian (ASEAN) countries, plus India, South Korea, Australia, New Zealand and Japan. China is also signing a slew of trade agreements with Peru and other South American countries as well as African nations.

 

 

 

 

Edited by sujoop
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BANGKOK 27 July 2017 15:48
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