It should provide full access to the European Union’s internal market for the transitional period between Britain’s withdrawal from the Community for the elimination of EU membership (Brexit) and the establishment of a new system of relations, “said the British Minister responsible for the Brexit negotiations and the head of the finance ministry in a joint written , published in the Wednesday issue of the German newspaper Frankfurter Allgemeine Zeitung (FAZ).
David Davis Philip Hammond emphasized in their timing article in Germany: I would like to send the message to German business leaders that in the next phase of the Brexit negotiations, the next stage of the breach of negotiations will be of great importance to London for a transitional period after the expiration of British membership in March next year.
As it was written, the British leadership, of course, understands that Germany and other EU Member States are trying to protect the integrity of a single internal market and want non-EU countries to enjoy all the benefits that Members are doing. However, after the departure for a specified time it would still be the best solution. It should be agreed that Britain will temporarily have the same access to the markets it currently holds as an EU member.
Thus, British and EU businesses will have time to prepare for change, “which is clearly in the interest of both Britain and Germany and the EU,” said David Davis and Philip Hammond.
They added that, for post-transition periods, for the era of new relations between the UK and the EU, an agreement should be drawn up that breaks away from the currently-known models and represents a new form of cooperation. Parties need to work “with imagination and inventiveness,” and aim to develop “the most ambitious economic partnership in the world,” because only one such, unlike any other model, may be the highly diversified British and EU economy.
The new partnership built for a unique and deep integration must extend to the economy as a whole, including financial services, saying: neither from Germany nor from Britain it would be pointless to set “unnecessary barriers” for goods and services
as it would cause both business and economic damage on both sides of the La Manche Channel.