16 May '17, 11am

EU court ruling on Singapore trade deal could be good for UK's Brexit talks

EU court ruling on Singapore trade deal could be good for UK's Brexit talks

UK business leaders have welcomed a European court ruling which could pave the way for slightly smoother EU trade talks ahead of Brexit. The European Court of Justice today ruled that an EU trade deal with Singapore will need to be ratified by all 38 national and regional parliaments in the union. However, the ECJ also this morning said the EU has “exclusive competence” to ratify a trade deal in a number of areas, such as transport, labour and environmental standards. Read more : More Wallooney Tunes? What EU court ruling on Singapore deal means for UK The court ruled that only two areas of the trade deal need approval from the 38 parliaments: non-direct foreign investment and the governing of dispute settlement between investors and states. A preliminary ruling from the advocate general went further last December, suggesting more areas should be subject to shared competen...

Full article: http://www.cityam.com/264788/eu-court-ruling-singapore-tr...

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