FM disapproves of criteria for relocation of London-based EU agencies post Brexit

Minister of Foreign Affairs Ioannis Kasoulides stressed on Tuesday that the criteria for the relocation of two London-based EU agencies after the UK’s exit from the EU are unfair to small member states.

In the margins of the General Affairs Council meeting on Tuesday in Brussels, EU27 ministers discussed the procedure for deciding on the relocation of the EU agencies currently situated in the UK: the European Medicines Agency (EMA) and the European Banking Authority (EBA).

The Ministers suggestions, backed by a number of other Member States, did not enjoy the necessary support, resulting in Cyprus being in a more difficult position than other Member States, an official press release said on Monday.

In his intervention, the press release said, Minister Kasoulides disapproved of the criteria upon which the two agencies will be relocated, noting that they a priori exclude member states or they favour the selection of large member states, which in turn excludes from the procedure small member states in the periphery of the EU.

A final decision by the 27 member states by vote is expected in the Autumn of 2017.

Source: Cyprus News Agency