Berliner Boersenzeitung - UK-EU set to seal closer ties in first summit since Brexit

EUR -
AED 4.097816
AFN 72.527946
ALL 90.712998
AMD 404.811747
ANG 1.99706
AOA 1024.313507
ARS 1724.662178
AUD 1.623096
AWG 2.008458
AZN 1.91877
BAM 1.953926
BBD 2.256892
BDT 139.72599
BGN 1.950247
BHD 0.422793
BIF 3352.449481
BMD 1.11581
BND 1.432668
BOB 13.291252
BRL 6.230345
BSD 1.120725
BTN 105.323984
BWP 15.375116
BYN 3.355477
BYR 21869.872723
BZD 2.253918
CAD 1.585326
CDF 2583.100203
CHF 0.922108
CLF 0.0279
CLP 1098.064116
CNY 7.442842
CNH 7.446837
COP 3690.831133
CRC 506.911552
CUC 1.11581
CUP 26.896962
CVE 110.159347
CZK 24.353609
DJF 199.538223
DKK 7.475346
DOP 67.974501
DZD 152.322563
EGP 59.441086
ERN 16.737147
ETB 179.813105
FJD 2.521675
FKP 0.837623
GBP 0.836361
GEL 2.900602
GGP 0.837623
GHS 13.123413
GIP 0.837623
GMD 82.569707
GNF 9928.433203
GTQ 8.563787
GYD 234.834771
HKD 8.754365
HNL 30.127233
HRK 7.552928
HTG 146.895822
HUF 364.308582
IDR 20253.064275
ILS 3.538138
IMP 0.837623
INR 104.639586
IQD 1698.955315
IRR 2126817.227366
ISK 136.806464
JEP 0.837623
JMD 177.867814
JOD 0.7911
JPY 177.20958
KES 144.999439
KGS 97.577343
KHR 4570.636808
KMF 493.187739
KPW 1004.228806
KRW 1489.840304
KWD 0.347051
KYD 0.933896
KZT 500.345637
LAK 25225.015582
LBP 100356.101099
LKR 372.449448
LRD 190.51557
LSL 18.372503
LTL 3.294696
LVL 0.674942
LYD 7.18411
MAD 10.932215
MDL 20.138054
MGA 5121.567239
MKD 61.529349
MMK 2342.916727
MNT 4020.769368
MOP 9.055134
MRU 45.209437
MUR 52.587814
MVR 17.179495
MWK 1943.318757
MXN 20.739588
MYR 4.546978
MZN 71.31144
NAD 18.372914
NGN 1501.914249
NIO 41.006083
NOK 10.604989
NPR 168.517621
NZD 1.990159
OMR 0.428949
PAB 1.120725
PEN 3.819334
PGK 5.019192
PHP 70.494669
PKR 309.947231
PLN 4.396012
PYG 6917.311752
QAR 4.085282
RON 5.343504
RSD 117.623643
RUB 92.835034
RWF 1658.09487
SAR 4.192115
SBD 9.027735
SCR 15.61324
SDG 671.145774
SEK 11.024313
SGD 1.430513
SHP 0.836094
SLE 25.547314
SLL 23397.979196
SOS 640.479979
SRD 41.894194
STD 23095.010728
STN 24.476306
SVC 9.806507
SYP 14507.759094
SZL 18.378373
THB 37.519083
TJS 10.29923
TMT 3.905334
TND 3.347703
TOP 2.686602
TRY 56.050138
TTD 7.600642
TWD 36.644646
TZS 2951.791192
UAH 50.972855
UGX 4572.61443
USD 1.11581
UYU 45.346102
UZS 13419.768365
VES 1004.776153
VND 28606.016684
VUV 133.693197
WST 3.109828
XAF 655.957
XAG 0.021063
XAU 0.000275061032
XCD 3.015532
XCG 2.019745
XDR 0.788935
XOF 655.957
XPF 119.331742
YER 263.891149
ZAR 18.441943
ZMK 10043.624196
ZMW 22.830625
ZWL 359.290311
SSP 6410.771031
MXV 2.330291
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

UK-EU set to seal closer ties in first summit since Brexit
UK-EU set to seal closer ties in first summit since Brexit / Photo: Leon Neal - POOL/AFP

UK-EU set to seal closer ties in first summit since Brexit

UK Prime Minister Keir Starmer was set to seal a deal for closer ties with the European Union at a landmark summit on Monday, opening a new chapter after Britain's acrimonious exit from the bloc five years ago.

Text size:

EU diplomats said on Monday a deal had been reached on resetting ties with the UK after late night talks to resolve differences on key sticking points.

EU member states had approved a trio of texts to be signed, particularly on defence, and, after a last-minute breakthrough, the thorny issue of fishing rights.

Starmer has pushed for closer UK ties with its European neighbours. The Labour government argues the EU deal negotiated with the UK's previous Conservative government "isn't working for anyone".

But Starmer, who came to power in last July's general elections ousting the Conservative Party, has several red lines he has said he will not cross.

Sticking points have remained over some EU demands and the Conservatives are already criticising the reset move as a "surrender".

A source close to the talks told AFP that there was a "late breakthrough last night (and) still steps to take".

The two sides would ink the "Security and Defence Partnership" -- the highlight of Monday's sit-down between Starmer and EU leaders Ursula von der Leyen, Antonio Costa and chief diplomat Kaja Kallas.

Two other documents are expected on Monday -- a joint statement of European solidarity from the EU-UK leaders' summit and a Common Understanding on topics from trade to fishing and youth mobility.

Under the final agreement, Britain will keep its waters open for European fishermen for 12 years after the current deal expires in 2026, in return for the 27-nation bloc indefinitely easing red tape on food imports from the UK, diplomats said.

On the issue of youth mobility, negotiators agreed to general wording that leaves the haggling for later.

The issue is another main source of friction, with London fearing any youth mobility scheme could spell a return to freedom of movement between the EU and the UK.

- Shadow of Russia, Trump -

The talks come as the EU and Britain race to rearm in the face of the threat from Russia and fears that under President Donald Trump the United States will no longer help protect Europe.

The defence partnership should mean more regular security talks, Britain possibly joining EU military missions and the potential for London to fully tap into a 150-billion-euro ($167-billion) defence fund being set up by the bloc.

But much of the detail is likely to be filled in later.

Giving the UK and its defence industry unfettered access to the EU programmes, for instance, would require further agreement.

Britain already has intertwined defence ties with 23 EU countries in NATO, so the defence pact was always seen as the easiest deal on the table.

"I think we should keep our sense of the importance of this relatively tempered," said Olivia O'Sullivan, director of the UK in the World programme at the Chatham House think-tank.

"It's the next step in closer cooperation... but not a resolution of many of the outstanding questions," she told AFP.

Starmer has ruled out rejoining the EU customs union and single market but appears ready to align with the EU on food and agricultural products.

- Red tape, mobility -

"Red tape, all the certifications that are required, we absolutely want to reduce that," Europe Minister Nick Thomas-Symonds, the UK's chief negotiator, told the BBC on Sunday, describing how food was rotting because lorries were waiting hours to cross borders.

Starmer has also rejected a return to freedom of movement but is open to a limited youth mobility scheme that would allow some British and European 18- to 30-year-olds to study and work in the UK and vice versa.

Starmer is approaching the issue cautiously amid rising support for Nigel Farage's hard-right anti-immigration and Euro-sceptic party Reform UK.

Thomas-Symonds said any scheme would be "smart and controlled".

He also said London was seeking a faster customs track for British nationals at EU borders.

"We want British people who are going on holiday to be able to go and enjoy their holiday, not be stuck in queues," he said.

(U.Gruber--BBZ)