UK Trade Deal Unlikely for Now: Britain, EU Clash Over Post-Brexit Ties
Britain and the European Union clashed on Thursday over the chances of securing a free trade agreement, with Brussels deeming it “unlikely” but London holding out hope one could be reached in September.
Since Britain left the bloc in January, talks on the trade agreement and other future ties have all but stalled, with each side accusing the other of failing to compromise before a transition period runs out at the end of this year.
Those accusations grew louder after the latest round, with the EU’s negotiator Michel Barnier saying London had shown no willingness to break the deadlock and his British counterpart David Frost describing the bloc’s proposals as failing to meet the government’s demand to be treated as an independent country.
But both sides agreed on one thing: there had been no movement on the main stumbling blocks to a deal on fair competition guarantees – the so-called level playing field – or on fisheries.
Without a deal to govern future trade flows, some companies fear costly disruption and confusion at the border from next year, which would hit at a time when many are already struggling with the impact of the coronavirus crisis.
“By its current refusal to commit to conditions of open and fair competition and to a balanced agreement on fisheries, the UK makes a trade agreement – at this point – unlikely,” Barnier told a news conference after the face to face talks in London.
“The time for answers is quickly running out,” he said. “If we do not reach an agreement on our future partnership, there will be more friction.”
Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.