16 May '17, 8pm

Not so fast - EU court ensures 32 vetoes on Brexit trade

BRUSSELS (Reuters) - Britain may have to wait - and hope - for every single one of its European Union neighbours to give full legislative consent before it can fully benefit from any post-Brexit free trade deal, EU judges ruled on Tuesday. In a verdict that may also delay and potentially obstruct a string of other EU trade pacts, the European Court of Justice (ECJ) said an agreement struck with Singapore in 2014 cannot take full effect until ratified by 33 national and regional parliaments across the 28-nation bloc. The European Commission, which runs trade policy for the EU, had hoped Brussels - where national governments also have a say - might be free to implement deals without having to consult assemblies, such as that of Wallonia in Belgium that nearly wrecked an accord with Canada last year. The EU's last major trade deal to enter force, with South Korea, took five y...

Full article: https://uk.finance.yahoo.com/news/eu-court-says-singapore...

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