UK seeks to join EU's "Made in Europe" program
UK Finance Minister John Healey will call on the European Union (EU) to include the country in the “Made in Europe” program.
Operativ Media reports, citing the Financial Times.
Healey is expected to raise the issue at an informal meeting of the EU's Economic and Financial Affairs Council in Dublin on September 18.
According to British government sources, the minister is ready for talks to reset London's relations with Brussels. In return, British companies are expected to gain wider access to EU supply chains and customers.
At the Dublin meeting, Healey will also raise the issue of "strengthening European unity" and avoiding a repeat of the failed negotiations regarding London's access to the EU's "Security Action for Europe" (SAFE) defense fund in 2025.
During those talks, the parties failed to reach an agreement on the amount the UK was required to pay. According to British media, the EU initially demanded €6.7 billion, later lowering the figure to €2 billion. However, even this amount was far higher than what London was prepared to pay.
Meanwhile, an unnamed European official stated that negotiations on joining the "Made in Europe" program will not be easy.
According to the official, the UK's demands could receive support from most EU members, but France and the European Parliament could pose a serious obstacle to the initiative.
The Financial Times previously reported that disagreements over the "Made in Europe" policy led to the postponement of a summit on the development of UK-EU relations from November 6 to the end of the month.