EU Sees U.K. Willingness for a Post-Brexit Fishing-Rights Deal
(Bloomberg) -- The European Union hailed the granting of a new batch of fishing licenses in a post-Brexit dispute that has poisoned Anglo-French relations, saying it sees a shared willingness to work toward an agreement later this month.
Fisheries Commissioner Virginijus Sinkevicius told Bloomberg in an interview that with the Channel island of Guernsey granting 40 permanent licenses to EU fishing vessels on Wednesday, almost 95% of all such permits requested by the bloc have been delivered since the beginning of 2021.
“I am glad that in my weekly calls with Secretary of State George Eustice there is a shared willingness and commitment to work towards completing the current process by 10 December this year,” Sinkevicius said. “I am glad that by intensifying discussions we are bringing the current climate of uncertainty to the end.”
Ties between Britain and France have been strained since the U.K. left the bloc, with the allies engaged in disagreements ranging from fishing licenses to trade rules in Northern Ireland. The French government has threatened retaliatory trade action against London over a lack of licenses issued to its boats to fish in British waters.
French fishermen blocked access to ports in northern France last week to try to heap pressure on the U.K. over the issue. They also jammed the ramp leading to the Eurotunnel freight terminal between Britain and France near Calais.
“Every vessel entitled to a fishing license under the terms of the Trade and Cooperation Agreement should receive one,” Sinkevicius said. “Our Agreement with the UK is clear: vessels which were fishing in these waters before should be allowed to continue. Behind every vessel, there is a family, and those peoples' livelihoods are my priority.”
The EU is now focusing on outstanding license requests in U.K. and Jersey territorial waters, Sinkevicius said. “Many fishermen and women have access only via temporary licenses and simply cannot take any investment decisions,” he said. “Some currently do not have access at all and, in most of the cases, these are small vessels for which it has been extremely difficult to collect the evidence about past fishing activities.”
Clement Beaune, the French minister of state for European Affairs, said earlier this week that France is hoping for progress, especially on Guernsey, as soon as this week in talks to end the spat over fisheries. He told RTL radio that the EU wants a “strong signal” from the U.K., with “many” fish licenses granted by Dec. 10.
If nothing happens by then, Beaune said, France blocking access to its ports for British fishermen could be one “possible” option. French retaliatory measures could include tighter customs checks and increasing energy costs for the British Channel Islands, which are heavily reliant on electricity from France via an undersea cable.
Tensions between the U.K. and the EU over Northern Ireland appear to have calmed in recent weeks, with the U.K. saying it will continue negotiating for as long as talks continue to be constructive. Many in the EU had feared that Britain was going to imminently walk away from the negotiations, which could have precipitated a trade war.
©2021 Bloomberg L.P.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.