Plans by the British government to revoke or amend hundreds of European Union laws on its statute book could have a "negative impact on trade", Brussels has warned.
Speaking at the EU-UK Forum's annual conference on Monday, European Commission Vice-President Maroš Šefčovič said Brussels is following the evolution of the Retained EU Law through the British parliamentary process "extremely, extremely closely."
"I understand that (a) big part of the audience who is following this conference would like to see more seamless trade, less friction, less complication but it's very difficult to achieve that if the decision is to just simply go for more divergence or if, let's say, the law which we've been building together for many, many decades and underpins some of the fundamentals of the Withdrawal Agreement and TCA [The EU-Uk Trade and Cooperation Agreement] would be thrown into the shredders."
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