The EU tries to keep Britain in the customs union | Finance and Markets

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The European Union (EU) could offer Britain a closer partnership after Brexit if Prime Minister Theresa May decides to keep the country in the customs union. The bloc hopes London to change its stance for targets after Brexit, as the upper house of the British Parliament has questioned a key government draft law on plans to leave the customs union.
The EU diplomats and officials also point to the little progress in talks with London since the last European summit in March when Theresa May got a green light for the start of negotiations on their future bilateral relations.
Britain insists it will leave the single market and the customs union after Brexit. For its part, the bloc said that these so-called “red lines” of London mean that the only possible framework for future cooperation is a trade deal. However, this does not meet the ambitions of the UK for a comprehensive agreement.
Last week, however, the House of Lords challenged May’s refusal to remain in the customs union, and it is expected next month that the lower house of the British Parliament should take a similar position.
According to a top European diplomat in Brussels, the customs union will “change the dynamics between the UK and the EU”. It would mean that the British really want to stay close to Europe. If they do, I think the EU will be very responsive.
The EU Chief Negotiator Michel Barnier has already hinted that in a comment earlier in the week. “If British red lines are evolving, the alliance will be ready to reassess its offer. We are flexible, never dogmatic. We are ready for business”, said he. According to him, it is now the UK’s turn to show “a vision of the future that would confirm Britain’s red lines or adjust them”.
According to European sources, the next round of talks on May 2-4 is unlikely to end with a breakthrough, according to one of them, both countries are abstaining to see “who will be the first to go”.
“We are not doing anything, and we are waiting for Britain to clarify – to change its red lines”, added the diplomat.
He also said he expects next month to be relatively calm, as tensions will begin to accumulate as the next summit closes in June.