Monday, May 29, 2017 | ePaper

Britain will lose more from Brexit than EU

  • Print


Reuters, Beijing :
Britain will lose more than the European Union from its decision to leave the bloc, the EU's top diplomat said on Thursday, and talks with London were expected to be difficult.
Prime Minister Theresa May formally began Britain's divorce from the EU last month, declaring there was no turning back, ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.
Britain now has two years to negotiate the terms of the divorce before it comes into effect in late March 2019.
The EU's foreign policy chief, Federica Mogherini, said during a visit to Beijing the negotiations would be difficult. "They will have to dismantle their belonging to a community. We will lose an important member state," she told students at the elite Tsinghua University.
"Let me tell you that to me all member states are important, equally, because one can be contributing more on some policies than others. But I think our British friends will lose more than what we lose," she said.
Brexit negotiations will start as planned in June, after Britons vote in a snap general election, the EU said on Wednesday. Britain's parliament has endorsed May's call for a vote on June 8.
"It's clear in our treaties that it is two years, only two years, from when the negotiations start, that was March this year. This cannot be delayed. I do not expect that it will be faster than that," Mogherini said.
China has looked on with some concern at the Brexit process, nervous about instability in the bloc that is China's largest trading partner. It will lose around a sixth of its economic output when Britain leaves the EU.
"The European Union, even after the UK will be out, will continue to be the first market in the world, the second largest economy in the world," Mogherini said.
"I am seeing all our partners in these months telling us that the European Union is needed, and this is the message I also get from here in China that the European Union is an indispensable partner in the world today," she said.

More News For this Category

Trump ends nine-day overseas trip with a flourish as trouble looms at home

Trump ends nine-day overseas trip with a flourish as trouble looms at home

Reuters, Washington :With trouble facing him back home, US President Donald Trump ended his nine-day overseas journey in dramatic fashion on Saturday, addressing US troops at a campaign-style rally.Trump flipped

May's Conservatives maintain 14-point lead over Labour: Poll

May's Conservatives maintain 14-point lead over Labour: Poll

Reuters, London :British Prime Minister Theresa May's Conservative Party has a 14 percentage point lead over the main opposition Labour Party ahead of a June 8 election, according to an

North Korea leader Kim guides test of new anti-aircraft weapon

North Korea leader Kim guides test of new anti-aircraft weapon

Reuters, Seoul :North Korean leader Kim Jong Un has supervised the test of a new anti-aircraft weapon system and ordered its mass production and deployment throughout the country, the state

Israelis rally for Palestinian state, end of occupation

Israelis rally for Palestinian state, end of occupation

AFP, Tel Aviv  :Thousands of Israelis rallied Saturday in Tel Aviv in support of a Palestinian state ahead of the 50th anniversary of Israel's occupation of Palestinian land.Banners bearing the

Myanmar, having warmed to the West, turns to China again

Myanmar, having warmed to the West, turns to China again

AP, Washington :Myanmar was supposed to turn away from China and toward the West when the United States helped the Southeast Asian country make the transition to a civilian government

News In Brief

India reports its first 3 cases of the Zika virusAP, New Delhi India has reported its first three cases of the Zika virus, including two pregnant women who delivered healthy

Trump to set up 'war room' to repel attacks over Russia probe

Trump to set up 'war room' to repel attacks over Russia probe

Reuters, Washington :Once U.S. President Donald Trump returns from his overseas trip, the White House plans to launch its most aggressive effort yet to push back against allegations involving Russia

Trump’s term disaster, aside from foreign affairs: Boehner

Trump’s term disaster, aside from foreign affairs: Boehner

AP, Washington  :Former House Speaker John Boehner says that aside from international affairs and foreign policy, President Donald Trump's time in office has so far been a "complete disaster."Speaking at

Hillary delivers stinging attack on Trump at graduation speech

Hillary delivers stinging attack on Trump at graduation speech

AFP, New York :Hillary Clinton launched a stinging attack on Donald Trump Friday, obliquely comparing him to former president Richard Nixon, who resigned in 1974 to escape impeachment, and savaging

Rex Tillerson declines hosting Ramadan event at State Department: Sources

Rex Tillerson declines hosting Ramadan event at State Department: Sources

Reuters, Washington :US Secretary of State Rex Tillerson has declined a request to host an event to mark Islam's holy month of Ramadan, two US officials said, apparently breaking with