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EU blocks Britain’s attempts to join pan-European trading bloc

The PEM convention would reduce exporters’ post-Brexit difficulties with supply chains
The PEM convention allows inputs for supply chains to be sourced across multiple countries in order to qualify for low-tariff access to markets under free trade agreements

British government hopes of joining a pan-European trade area to reduce post-Brexit supply chain challenges for UK goods exporters are being blocked by Brussels, according to officials on both sides.

The UK announced it was considering whether to join the Pan-Euro-Mediterranean (PEM) convention as part of its new trade strategy published last week, arguing it could help boost the UK’s flagging goods exports.

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