France to be vigilant on British #Brexit freeports – minister – EU Reporter

France shall be watching rigorously for any signal of unfair competitors from Britain if it goes forward with plans to arrange freeports after Brexit, French Overseas Minister Jean-Yves Le Drian has stated, writes Marine Pennetier.

Britain formally left the EU on 31 January however stays topic to EU legal guidelines and laws throughout a transition interval on account of final till the tip of this 12 months.

The British authorities stated it deliberate to announce the placement of as much as 10 post-Brexit freeports, or free commerce zones, by the tip of this 12 months with the hope that they’ll start working in 2021.

“We shall be extraordinarily vigilant to stop any type of unfair competitors (from the freeports), regardless of the matter, and if we’d like time to barter, we’ll take it”, Le Drian informed the French parliament in response to a lawmaker’s query.

Freeports are areas the place imported items may be held or processed freed from customs duties earlier than being exported once more. They may also be used to import uncooked supplies and make completed items for export.

Le Drian stated France would work intently with the European Fee on the matter.

Britain needs to barter a free commerce cope with the EU earlier than the tip of the transition interval however the negotiations are anticipated to be robust and complicated.

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