'Sufficient Progress' is Crucial Step Towards Securing a Good Deal For Tech

Commenting on the announcement by Jean-Claude Junker that the EU Commission will recommend to the Council that ‘sufficient progress’ has been made in the first phase of negotiations between the UK and the EU, techUK Deputy CEO, Antony Walker, said:

 

“We strongly welcome the significant progress that’s been made today which is a key step to opening up the vital negotiations in stage two. For a globally competitive industry such as tech, agreement of a comprehensive trade deal between the UK and EU is fundamental. Today’s decision on sufficient progress having been made is a crucial step towards securing that deal.

“We strongly hope that the Council will back the Commission’s judgement on progress having been made and that talks can turn to trade discussions immediately. This is not the end of the challenges a UK/EU agreement will face, and it will be vital for both parties to understand the complexities and compromises needed to deliver a deal that works for all tech businesses, including services.

“The first priority for the second phase must be delivering agreement on a transition deal. Tech businesses considering future investment decisions must be assured that the U.K./ EU relationship will continue to offer the same access to markets as currently enjoyed until a final deal is done. Anything less risks further uncertainty and risk to a sector on which both the UK and EU economies rely.”

 

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