Economy

Andy Burnham to Announce Billions in EU Trade Deals

Andy Burnham to Announce Billions in EU Trade Deals

By Sohaib Shams

UK Prime Minister Andy Burnham is set to announce billions of pounds worth of trade agreements with the European Union during a summit in Brussels on 20 November, marking a significant step toward closer ties with the bloc.

Deals Cover Agriculture, Emissions and Youth Mobility

Officials have nearly finalized three key deals: an agricultural agreement projected to add over £5 billion to the UK economy by 2040, access to the EU’s emissions trading scheme, and a youth visa scheme allowing tens of thousands of people under 30 to live, work and travel across borders.

Agricultural Details and Pet Passports

The agricultural deal would eliminate certification requirements for transporting live animals, including pets, replacing them with a pet passport system. UK producers would retain temporary permission to sell certain products banned under EU rules, such as specific pesticides, while trade in live molluscs and Scottish salmon would be liberalized.

Emissions Scheme and Youth Visa Mechanism

Under the emissions agreement, the UK would pay billions to join the EU’s carbon market, avoiding a cross-border carbon tax due in January. The youth experience scheme includes an emergency brake mechanism allowing the UK to match any member state that refuses to issue its visa quota.

Economic Impact and Political Context

Burnham said the package would boost the UK economy by £17 billion, a 0.4% increase in GDP. He emphasized that public opinion has shifted but pledged not to run ahead of it on the question of potential EU re-entry.

Brussels Summit and Broader Reset

Burnham will meet European Commission President Ursula von der Leyen and European Council President António Costa to formalize the agreements. The summit forms part of a broader reset that includes a forthcoming prime ministerial statement on the UK’s future relationship with the EU.

Ongoing Negotiations and Outstanding Issues

Negotiations continue on a joint statement covering industrial policy, tuition fees for European students, and UK participation in the EU’s Made in Europe scheme. Disagreements remain over Chinese electric vehicle tariffs, contributions to the EU cohesion budget, and EU concerns about UK deportation plans for foreign national offenders.

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