Skip to content
Thursday 3 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,756.45
-0.30%
DAX
25,839.33
-0.50%
CAC 40
8,280.63
0.00%
STOXX 50
6,362.15
-0.11%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Friday 01 July 2016 9:28 am

EU trade commissioner rules out talks until after UK formally departs

By: Jake Cordell

Add as a preferred source on Google

Europe's top trade negotiator has told the UK it might not be able to negotiate a trade deal until it has formally left the European Union.

When asked what her plans were for a new relationship between the EU and the UK, Cecilia Malmstrom, the EU trade commissioner and one of the most powerful officials in Brussels, told the BBC yesterday: "First you exit, then you negotiate".

The comments are the latest sign that the EU is not prepared to back down from taking a hard line with the UK once it has triggered Article 50.

Malmstrom's statement, however, raises the prospect the EU will not even begin to consider a trade deal with the UK until after the two-year period of exit has run its course.

[custom id="161"]

If the EU adopts this course of action, it means the negotiations once Article 50 has been triggered would probably focus on untangling the UK from the EU institutions and striking agreements on other areas, such as foreign affairs and justice.

Failure to strike any kind of deal on trade or to keep close access to the single market would mean the UK reverts to selling to and buying from the EU on World Trade Organisation (WTO) rules that could result in steep tariffs.

"They would be a third country," Malmstrom said, referring to the term used to describe nations outside the EU.

David Cameron has insisted the decision to invoke Article 50 will be left for his successor, who will be in place on 9 September.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Easyjet’s over-60s recruitment push is economically necessary

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

  • ‘Large tax hikes on the way’: How the global bond rout is boxing in Healey

More from Morning Wire

  • As Sir Keir Starmer quits parliament, will Zack Polanski replace him?

    Politics
    Keir Starmer addressing the media at a press conference, wearing a navy suit, discussing recent political developments.
  • A Gulf Trade Agreement could accelerate UK data centre development

    Partner
  • Burnham pledges to tackle ‘cost of business’ as firms fear Budget tax raid

    Politics
    Andy Burnham, Mayor of Greater Manchester, drinks a pint of ale in a pub with people blurred in the background
  • Reform’s Richard Tice under parliamentary investigation

    Politics
    Reform UK leader Nigel Farage and Deputy Leader Richard Tice are set to meet with Andrew Bailey to discuss interest rates and stablecoins.
  • KBRA Releases Research – The End of the RRF: Trade Adjustment and Financing Challenge

    Business Wire
  • Exclusive: Twickenham residents branded anti-fun NIMBYs in rugby stadium row

    Sport Business
    Rugby stadium interior with large screen displaying Red Roses v Ireland, goalposts, and empty green seats
  • Diageo boss ‘drastic’ Dave Lewis eyes £20m pay deal as 2,000 jobs slashed

    Hospitality
    Dave Lewis, former Tesco CEO, smiling in a supermarket aisle with products on shelves
  • Government pushes Bank of England to innovate on payments and digital currencies

    Regulation
    Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook