Brexit trade talks with European Union are in their ‘last week,’ U.K. says

Brexit trade talks with European Union are in their ‘last week,’ U.K. says

By
Staff

The Associated Press

Posted November 29, 2020 9:04 am

1:38
U.K. Prime Minister Boris Johnson says he won’t ask for Brexit extension

WATCH: U.K. Prime Minister Boris Johnson says he won't ask for Brexit extension


  • comments

    Leave a comment


  • whatsapp

    Share this item via WhatsApp


  • more

    Share this item


  • more

    Share this item

Smaller font
Descrease article font size
-A

Larger font
Increase article font size
A+



  • Share this item via WhatsApp

    whatsapp



  • Share this item on Pinterest

    pinterest



  • Share this item on LinkedIn

    linkedin



  • Share this item on Reddit

    reddit



  • Copy article link

    Copy link

Britain‘s foreign minister said Sunday there is only about a week left for the U.K. and the European Union to strike a post-Brexit trade deal, with fishing rights the major obstacle to an agreement.

As talks continued between the two sides in London, Foreign Secretary Dominic Raab said “I think we are into the last week or so of substantive negotiations.”

The U.K. left the EU early this year, but remained part of the 27-nation bloc’s economic embrace during an 11-month transition as the two sides tried to negotiate a new free-trade deal to take effect Jan. 1. Talks have already slipped past the mid-November date long set as a deadline for agreement to be reached if it is to be approved by lawmakers in Britain and the EU before year’s end.

Read more:
Britain, European Union resume face-to-face trade talks as deadline approaches

Story continues below advertisement

Despite the stalemate, Raab told Sky News that “there’s a deal to be done.”

He said the two sides had made progress on “level playing field” issues _ the standards the U.K. must meet to export into the EU.

Trending Stories

  • Culled minks with COVID-19 mutation rise from their graves in Denmark

  • Ontario reports 1,708 new coronavirus cases, 24 deaths

The biggest hurdle appears to be fish, a small part of the economy with an outsized symbolic importance for Europe’s maritime nations. EU countries want their boats to be able to keep fishing in British waters, while the U.K. insists it must control access and quotas.

“On fisheries, there is a point of principle: As we leave the transition, we are an independent coastal state and we’ve got to be able to control our waters,” Raab said.

2:26
Canada enters new transitional trade deal with Britain

Canada enters new transitional trade deal with Britain – Nov 21, 2020

EU chief negotiator Michel Barnier, who met through the weekend with U.K. counterpart David Frost, has said there are still “significant divergences.”

Story continues below advertisement

If there is no deal, New Year’s Day will bring huge disruption, with the overnight imposition of tariffs and other barriers to U.K.-EU trade. That will hurt both sides, but the burden will fall most heavily on Britain, which does almost half its trade with the EU.

© 2020 The Canadian Press

Leave a comment

Comments

BrexitUKEuropean unionBritainEUMichel Barnierbrexit tradeDavid FrostBrexit trade talksEU trade talkstrade talks Brexit

Leave a comment

Comments

More from Global News

  • U.S. may see ‘surge upon surge’ of coronavirus in coming weeks, Fauci warns

  • Iran to give a ‘calculated and decisive’ response to killing of scientist : official

Advertisement

Tagged , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *