"The public did vote for a government that had a reset with the EU as its core foreign policy in the election. So I think the public have always been looking forward and they're not really nostalgic for the past. Kyle told reporters that the public was behind the pragmatism now producing closer ties with Europe, which could drive economic growth."
"Signing an agreement in Brussels to cooperate closely on competition issues, Kyle said he thought the deal was a real vindication of the reset and the relationships that have emerged between the EU and the UK since Labour came to power. He said it marked an alignment on strategies on issues such as mergers and acquisitions, the result of frequent conversations the two sides were now having."
"Ribera said the role of the Industrial Accelerator Act was to strengthen the EU's resilience and loosen dependence on foreign countries in a scheme that could increase local employment and wealth creation. The Made in Europe scheme will prioritise European products in public procurement, but there remains tension around the exact quantity of goods that should be European in procurement contracts."
Business Secretary Peter Kyle announced a new UK-EU competition cooperation agreement signed in Brussels, describing it as validation of the reset in relations since Labour took power. The deal establishes alignment on merger and acquisition strategies through increased dialogue between the two sides. Kyle emphasized that the British public supports pragmatic moves toward deeper European ties to drive economic growth, having voted for a government with EU reset as core policy. The UK is interested in joining the Made in Europe scheme, a European Commission initiative prioritizing European products in public procurement, though tensions remain over required European content percentages. European Commission executive vice-president Teresa Ribera highlighted the scheme's role in strengthening EU resilience and reducing foreign dependence.
#uk-eu-relations #trade-and-competition #economic-cooperation #public-procurement #post-brexit-reset
Read at www.theguardian.com
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