The Agriculture Committee of the European Parliament has voted in favour of an agreed EU/UK approach on trade policy post-Brexit as applied via the World Trade Organisation (WTO), Mairead McGuinness MEP and First Vice-President of the European Parliament, who led on the file for the EPP Group in the Committee, has confirmed.
“The EU conducts trade policy on behalf of its Member States, allowing EU countries to take advantage of being part of a much larger bloc when negotiating globally. But after Brexit, the UK will determine its own trade policy.
“This means that the EU and the UK have to separate out the current joint commitments in place via the WTO. These so-called schedules describe measures governing how each WTO member must trade with other WTO members.
Read more here