In the Brexit negotiations, the UK government called for mutual recognition of the rules, including in Theresa May`s florence speech and as an option for future regulation of financial services, but refused by the EU. By granting mutual recognition of products covered by free trade agreements with Canada and Korea, but which refuse to give the same treatment to products originating in the United Kingdom, the EU could violate WTO legislation. Mutual recognition agreement with respect to compliance assessment, certificates and markings between New Zealand and Iceland, Liechtenstein and Norway (which came into force on 1 March 2000). Covered sectors: pharmaceuticals (good manufacturing practices), medical devices, telecommunications terminals, low voltage devices, electromagnetic compatibility (CEM), machinery and equipment under pressure. If the EU refuses to negotiate a similar system of mutual recognition with the UK, this may violate the most favoured nation obligation (MPF) under WTO law. The MFN is a non-discrimination rule that requires that any benefit granted to products originating in one country be granted to similar products originating in other countries. The EU internal market is the most comprehensive version of mutual recognition between trading partners. According to the Dijon Cassis principle, a product that can be legally sold in one Member State can be legally sold in any other Member State, even if the rules are not harmonised. Mutual recognition agreements (MRAs) promote trade in goods between the European Union and third countries and facilitate market access. These are bilateral agreements designed to facilitate industry access to compliance assessment. Trade agreements are trade agreements designed to facilitate market access and promote greater international harmonization of compliance standards while protecting consumer safety. We expect committees to start with education or, at the very least, discuss the possibility of creating a system of mutual integration/recognition, given that the current ARPs mainly cover the north-west of the EU.
So far, few details have been disclosed on a committee, we only know that within Canada discussions on the MRA have begun, but no more. Together with colleagues Crowe Soberman (Toronto) and De Crowe Horwath International, we will keep you informed of this topic and keep you informed in the future of other articles on CETA, as there is much to say about us and our clients.