AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)
World

EU executive proposes ways to avoid Brexit disruption without deal

  • Commission says rail, road and air traffic must continue.
  • Warns of disruption but wants to keep Channel Tunnel open.
  • To propose 5 billion euro fund for EU companies to adapt.
Published December 11, 2020

BRUSSELS: The European Union set out short-term measures on Thursday to limit disruption to air traffic, road and rail transport, as well as fisheries, if Britain leaves the bloc without a trade accord by Dec. 31.

The European Commission, which presented the plans, said it was still seeking a trade agreement by the year-end deadline but that it could only soften some of the disruption predicted as Britain leaves the EU's orbit.

"While a 'no-deal' scenario will cause disruptions in many areas, some sectors would be disproportionately affected due to a lack of appropriate fall-back solutions," the Commission said in a statement.

It proposed keeping "certain air services" between Britain and the EU for up to six months, provided London ensures the same. Air safety measures would continue to be recognised, to avoid grounding aircraft. The measures would allow carriers to continue to fly over each others' territories, make stops and provide services.

Basic connections by road freight and for road passengers would also continue for six months as long as it was reciprocal. Separate regulation, if approved by EU member states, would allow the Channel Tunnel road and rail link to continue for two months, until Britain and France agree new safety and supervision certificates that are set to expire.

Without a trade deal and without regulation, the under-sea link between France and Britain would be suspended.

On fishing, the Commission said it proposed: "a regulation to create the appropriate legal framework until 31 December 2021, or until a fisheries agreement with the UK has been concluded - whichever date is earlier - for continued reciprocal access by EU and UK vessels to each other's waters after 31 December 2020."

The Commission said it would also soon propose a 5 billion euro ($6.05 billion) "Brexit Adjustment Reserve" as part of the EU's new 2021-2027 budget to help EU businesses adapt.

"The Commission sees no need for any other Union-wide, legislative contingency measures than those proposed today," the EU executive said in a separate statement.

Comments

Comments are closed.