The UK has announced that it has completed a £2.3 billion ($2.8 billion) payment to settle a long-standing dispute with the European Union (EU) despite leaving this “common home”. .
|British flags (bottom) and European Union (EU) flags outside the British Parliament building in Westminster, London. Documentary photo: AFP/VNA
In a written statement sent to the House of Commons, Treasury Secretary John Glen said this week the UK had paid the remaining £1.1 billion to settle a dispute between the two sides over the dispute. apparel and footwear products that Britain imports from China. The British government “desires a definitive resolution to this long-running incident and is committed to its international obligations,” Glen said.
Since the UK officially left the EU three years ago, the UK is no longer bound by EU regulations. However, issues such as the trade dispute with China continue to plague the relationship.
The dispute between the UK and the EU dates back to 2017 when London was still a member of the bloc due to unfinished Brexit negotiations. The EU’s anti-fraud office accused British officials of “turning a blind eye” to the enterprise imports clothing and footwear from China to evade taxes into the UK, thereby bringing the goods to the bloc’s single market.
Meanwhile, Minister Glen asserted that the UK had taken appropriate measures to combat fraud as alleged by the EU. The official also noted that the UK’s acceptance to spend the above money to settle the dispute in order to avoid having to pay additional interest arising from the delay.
Legally, Britain left the EU on January 31, 2020, but there are some entanglements in the negotiations to secure a free trade deal with Brussels. The deal was finally agreed on Christmas Eve 2020. Once the Brexit process is complete, EU rules no longer apply to the UK, meaning an end to free movement between the UK and the rest of the world. EU country.