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EU, Britain to present post-Brexit plan to split WTO membership

Published 07/17/2017, 09:04 AM
Updated 07/17/2017, 09:10 AM
© Reuters. Flags are seen at the EU Commission headquarters ahead of a first full round of talks on Brexit, Britain's divorce terms from the European Union, in Brussels

GENEVA (Reuters) - The European Union and Britain plan to present a joint proposal for reform of the terms of their World Trade Organization (WTO) membership in September or October, an EU source said on Monday, as London negotiates to leave the EU.

© Reuters. Flags are seen at the EU Commission headquarters ahead of a first full round of talks on Brexit, Britain's divorce terms from the European Union, in Brussels

The two sides are also discussing sharing liabilities from trade disputes including WTO litigation over Airbus (PA:AIR) subsidies in a long-running case with the United States, the EU source said, speaking on condition of anonymity.

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