January 24, 2018 / 9:42 AM / 9 months ago

Britain seeking equivalence with EU regulation, not harmonisation: minister

LONDON (Reuters) - Britain will not seek to harmonise its regulations with the European Union after leaving the bloc, but will aim instead for “outcome equivalence”, Brexit minister David Davis said on Wednesday.

FILE PHOTO: Britain's Secretary of State for Exiting the European Union David Davis arrives in Downing Street in London, January 16, 2018. REUTERS/Hannah McKay

“There’s undoubtedly an impetus among some continental countries and on the part of the Commission to try to trade off regulatory freedom against market access,” Davis told a parliamentary committee.

“Our strategy for dealing with that is to say we will seek outcome equivalence in some areas, but not harmonisation - otherwise if you have harmonisation you might just as well have stayed in.”

Reporting by Elizabeth Piper, writing by William James. Editing by Andrew MacAskill

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