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EU will seek an extension to the deadline for UK free trade agreement ratification
The EU will seek an extension to the deadline by which the free trade agreement with the UK must be ratified, @rtenews has learned.
— Tony Connelly (@tconnellyRTE) January 18, 2021
Two sources have said member states want to extend the deadline from the end of Feb to some time in April.
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4/ The treaty is currently being provisionally applied and will only be formally ratified once the European Parliament gives its consent.
— Tony Connelly (@tconnellyRTE) January 18, 2021
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6/ Because the EU UK Trade and Cooperation Agreement (TC) was struck long past several informal deadlines, both sides agreed that the treaty would apply provisionally on Jan 1, with a target date of the end of Feb for the treaty to be formally ratified by the European Parliament.
— Tony Connelly (@tconnellyRTE) January 18, 2021
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7/ However, the EU now wants that deadline to be pushed back until April.
— Tony Connelly (@tconnellyRTE) January 18, 2021
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10/ According to two sources, member states are keen to get a greater understanding of the governance aspect of the treaty, especially the circumstances in which retaliatory action can be taken if there is a breach of the level playing field provisions.
— Tony Connelly (@tconnellyRTE) January 18, 2021
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