Factbox: What Britain wants from the EU on trade

“The agreement should ensure that the UK and EU’s state owned enterprises operate in a fair and transparent manner and do not discriminate against businesses in the other party when buying and selling on commercial markets,” the document said. “The agreement should recognize the right of each party to set its labor priorities and adopt or modify its labor laws.” Britain also said it should not be required to follow EU standards and that the agreement with the EU should not constrain its tax sovereignty in any way. The mandate said the deal “should facilitate trade in all categories of motor vehicles, equipment and parts, based on international standards on vehicle safety and environmental protection.” “It should draw on the parties’ commitments to mutual recognition of type approvals for products covered by UN regulations, consistent with the approach in agreements such as the EU-Japan EPA (Economic Partnership Agreement).” “The agreement should provide liberalized market access for trade in goods.