Brexit news: Iain Duncan Smith explains how EU membership DEVASTATED UK fishing industry

Brexit news: Iain Duncan Smith explains how EU membership DEVASTATED UK fishing industry

Fishing rights have been one of the main points of contention in ongoing trade negotiations between the UK and EU. Boris Johnson will meet European Commission president Ursula von der Leyen later today in a bid to break the impasse.

Writing in the Daily Telegraph Sir Iain addressed the argument the British fishing industry doesn’t matter than much because it only constitutes around 0.1 percent of the UK economy.

He said: “We are reminded that fishing is a tiny part of our economy but that misses the point.

“It’s small because previous governments gave it away.

“After all, our territorial waters hold around 60 per cent of the total value of the EU’s fish stocks, it’s vital we take back control and build up our fleet again.

“There is nothing unreasonable in the UK doing separate deals annually to agree the proportion of access countries have, the point is, that is what being an independent coastal state is all about.”

Currently around two thirds of the fish caught in British territorial waters are taken by European boats.

The UK lost control over its fishing waters when it signed up to the controversial European Fisheries Policy in 1972.

From this point an estimated four-fifths of the fish off western Europe came under Brussels management.

READ MORE: Iain Duncan Smith TEARS into EU over Brexit trade deal talks

In return Britain remains a member of the European single market.

However, if no new trade deal is agreed from next year the UK will trade with the EU on World Trade Organisation terms.

This will mean substantial tariffs are placed on the exchange of certain goods between the UK and the EU.

Writing in the Telegraph Sir Iain argued Brussels is attempting to keep Britain tied to its regulatory framework.

He stated: “Our ask is simple, we wanted to be treated like a sovereign Canada but the EU refused.

“We want a trade deal, the EU want control.

“Nothing exemplifies this more than their level playing field demand.

“Demanding the UK agrees to ‘non regression’ from existing standards in a number of areas – in effect, being bound by existing EU regulations going forward.

“This would amount to a licence to change the effect of such rules in the years to come, with the UK being tugged along by the EU’s ratchet.”

Sir Iain argued Mr Johnson should opt for a no deal Brexit unless the EU is prepared to make concessions.

Published at Wed, 09 Dec 2020 06:54:30 +0000