Mediaboss Marketing

The UK is readying itself to submit a crucial application to the World Trading Organisation (WTO) outlining how it intends to trade with the rest of the globe after Brexit.

And Londons case will be strengthened as the document is set to be a joint proposal alongside the European Union, which will need to amend its own membership terms after losing the worlds fifth biggest economy.

GETTY

According to sources in Brussels the EU and the UK are planning to put forward a combined dossier with their plans for the future to bosses at the WTO in the early Autumn.

Officials said securing a smooth transition from being a WTO member inside the EU to being one outside it is important to UK officials who are championing a vision of a Global Britain.

The UK is currently a member of the global trading bloc but has for the last 40 years given up its seat to the EU Commission, which represents the 28 member states in all trading matters.

And the EUs support for Britains rehabilitation as an individual member will come as a big boost to Downing Street, with some commentators predicting there could be a tricky legal road ahead.

Brexit supporters are likely to argue it shows that, despite some of the poisonous political rhetoric flying around, both sides have a deep interest in a mutually beneficial and pragmatic trading relationship in the future.

An EU source said: Currently we are in talks with the United Kingdom to come to a joint approach on the matter, on all the aspects of the divorce, with regard to the WTO."

They added: "And I would think that, come the month of September/October, we will be able to come jointly to the rest of the (WTO) membership.

The plan is [that] we would explain together how we would see the disentanglement of the United Kingdom from the EU commitments and schedules.

The joint approach would address aspects of the EUs WTO membership terms, known as its WTO schedules, that are not easily split between Britain and the other 27 EU members.

These would include thorny issues for the UK outside the EU including agricultural tariff quotas, agricultural subsidies and commitments on services trade.

Asked how important it was to finalise revision of the WTO terms of membership before the EU and Britain formally divorce, the source said: I have the impression that the United Kingdom believes that is important.

1 of 11

Eurocrats are also keen to ensure that an agreement is in place between Britain and the EU over an ongoing trade dispute involving the European firm Airbus, which could result in a large fine.

The US is challenging the EU over billions of dollars of European support to the aircraft manufacturer, including from the UK Government, which they say breaches WTO rules on fair competition.

A smooth transition to full, independent WTO membership would be a major coup for Theresa May and leading Brexiteers and would help dispel doom-mongering amongst some Remain backing economists.

It would represent a major plank in the PMs vision for a Global Britain, which advocates replacing EU membership with a truly worldwide approach to trade and investment.

Read more:
Brexit progress: Britain set for brave new trading role...and EU is HELPING us achieve it - Express.co.uk

Former British Prime Minister Tony Blair. Charles McQuillan/Getty Images

Very few people in North America use post-nominals in their everyday life. Nonetheless, once in a while you see the odd business card with B.A. (hons) after a persons name. But do you know what the post nominal U.E. means?

Its short for United Empire Loyalist and is used by Canadians who are descendants of those who fought to keep America a British territory.The King granted the soldiers 200 acres each in Quebec. Todays U.E.s have an association, UELAC,which is the opposite of the Sons of the American Revolution.

As Britain approaches Brexit, it is increasingly clear that there are a group of Brits who are fiercely loyal to the European Union. Like the United Empire Loyalists, they will stop at nothing to avoid the territory they live in crashing out of the empire they love so much. They are more than just a cause group; many are willing to act in a treasonous fashion to get what they want.

The leader of the opposition, Jeremy Corbyn, travelled to Brussels to hold secret talks with the EU. It isnt known what he pledged, but it included the $60 billion the EU wants as a divorce bill.

There are Members of Parliament who want to force the British government to disclose its negotiating position. This act would give the EU negotiators an advantage, guaranteeing a bad deal for Britain.

Their cheerleader in chief is former British Prime Minister TonyBlair, a discredited figure in Britain due to a series of bad decisions that lead to British involvement in the war in Iraq. Many believe British involvement in Iraqmade the country less safe than it was before.

Blairis pushing to have the Brexit referendum ignored. He toldthe BBC that he too was negotiating behind Prime Minister Theresa Mays back. Alas, his honesty only goes so far; he wont say what hes been promising.

The schism between these establishment figures and the ordinary people of the British colony is now too big to bridge.

The establishment should accept they have lost and do what the United Empire Loyalists did: leave the colony and settle in a place ruled by the country they are loyal to. I would merrily giveBlair 200 acres in Belgium and even the post-nominal EUL for European Union Loyalist.

Of course, the European Union Loyalists will suggest that I want to forcibly remove 48 percent of the U.K. population, but that is not the case. Most people who voted are not soldiers in the Brexit war; they are ordinary people who were asked for their views and expressed them. Most want whats best for Britain; they are not loyal to the EU.

The United Empire Loyalists could have remained in the U.S. after independence, but they (rightly) concluded they should not stay in a country they fundamentally disagreed with. They did not want to contribute to a newly independent nation, so they did not insult the founding fathers intelligence by pretending to try.

Im not suggesting forcing British nationals to leave the U.K., but I think some of them ought to think long and hard about giving Britain the space to recreate itself.

View post:
Tony Blair and His European Union Loyalists Should Move to Belgium - Observer

Qualcomm Inc (QCOM) lost an appeal Monday in its battle against a $665,000 daily fine from European Union antitrust regulators, Reuters reported.

The chipmaker was accused of using anticompetitive strategies to squeeze British software maker Icera out of the market. Qualcomm asked the EU's Luxembourg-based General Court to suspend the order last month.

Qualcomm said the competition authority's demands would cost no less than 3 million euros, but Court President Marc Jaeger said Qualcomm didn't "give any explanation as to why it would be impossible to seek compensation for the alleged financial costs it would suffer by answering the questions."

Qualcomm stock traded slightly down after the market's open.

What's Hot on TheStreet

Amazon wants to upend every business, or so it seems: New day, a new business Amazon (AMZN) wants to dip its toes in. The latest looks to be the meal kit space, TheStreet reports.

In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.

The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .

Follow this link:
Qualcomm Loses Appeal Against European Union $665000 Daily Fine - TheStreet.com

The German Chancellor revealed her perspective of the EU changed after Britain voted to quit the bloc last June.

But, despite this, she said she was still determined to fight for even further European integration.

She cited the election of pro-EU Emmanuel Macron as French president as evidence that the bloc remains "strong".

Mrs Merkel said: "For many people, including myself, something changed when we saw the Britons want to leave.

"But we have realised in the past few months that Europe is more than just bureaucracy and economic regulation."

She claimed the "decades of peace" following the Second World War "would have been completely unthinkable without the European Union".

GETTY

1 of 16

GETTY

You don't have all this in many parts of the world

Angela Merkel

The 63-year-old has putGermany's role in the EU at the heart of her bid to win re-election in September.

Speaking at a press conference on Saturday, Mrs Merkel said many people have taken the EU for granted.

She said: "You don't have all this in many parts of the world. And that's why it is worth fighting for this Europe.

"That's why one of our election placards says: 'If Europe is stronger, then Germany will be stronger'. This is directly related."

GETTY

Recent opinion polls suggest the Christian Democratic Union (CDU) leader is on course to win a record fourth term.

A survey published by pollsters Emnid on Saturday put the centre-right CDU and its sister party, the Christian Social Union, on 38 per cent.

The Social Democrats (SDP) trailed on 25 per cent, while the Greens were on eight per cent.

The SDP has lost momentum in the polls after making gains initially following Martin Schulz's nomination as its candidate in January.

See the original post here:
'Brexit changed my view of Europe' Angela Merkel reveals shock as EU divorce talks begin - Express.co.uk

The European Union and Britain have begun the first substantive round of negotiations on their separation, with both sides saying it is time to proceed quickly.

Speaking to reporters Monday at the European Commission's Berlaymont headquarters, Britain's Secretary of State for Exiting the European Union David Davis said at the start of a four-day session on the divorce proceedings that it is incredibly important we now make good progress.''

EU chief negotiator, Michel Barnier, said that "We will now delve into the heart of the matter. We need to examine and compare our respective positions in order to make good progress."

Barnier and Davis declined further comment, but the EU envoy said they would brief the media Thursday. At a one-day session in June both sides agreed on a broad timetable for the talks.

The negotiations this week are expected to focus on the post-Brexit rights of citizens in each other's nations, the bill Britain has to pay to meet existing commitments, the border issue in Ireland and the pre-eminence of the EU's Court of Justice.

Original post:
EU, Britain Begin Months of Divorce Proceedings - Voice of America