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Home / World / Britain’s Brexit trade negotiations enter the final leg, no deal deadline for several weeks

Britain’s Brexit trade negotiations enter the final leg, no deal deadline for several weeks



On January 8, 2020, British Prime Minister Boris Johnson met with the President of the European Commission Ursula von der Leyen in London, England.

Xinhua News Agency | Xinhua News Agency | Getty Images

The British Foreign Secretary stated that the United Kingdom and the European Union are in the “last round of negotiations”

; on a post-Brexit trade agreement, with only a few weeks left to approve any possible agreement.

The UK stopped joining the European Union in January, but it agreed to abide by European rules until the end of 2020 so that the two sides can make new trade arrangements. However, since the spring, negotiations on the above three issues have been in trouble, which has proven to be a difficult task.

Dominic Raab told the BBC on Sunday: “I do think this is a very important week, this is the last really important week.”

Both parties need to reach new trade arrangements and correct them in their respective parliaments before the end of the year. Failure to do this may result in a no-deal situation-higher costs and barriers for exporters on both sides.

According to Raab, to make a breakthrough, it is necessary to overcome disagreements on “quite narrow” issues. The main sticking point is still fishing, competition policy and the governance of any future transactions. They have different views on how much European fishing crews should have access to British waters and what market competition rules should be adopted to ensure that the withdrawal of the United Kingdom will not harm the EU’s single market.

Without fisheries, a deal may be broken

In his speech on Monday morning, Irish Foreign Secretary Simon Coveny said that fishing is more difficult than competition rules.

He said that if there is no agreement on fishing, “the whole thing may go backwards.” He emphasized the importance of this issue to the entire negotiation process.

Georgina Wright, a senior researcher at the Institute of Government Institutions, said: “Quotas and access rights-all of these are determined in Brussels, and the British government has of course stated that we have left the European Union… We hope to regain control of the waters. “Telled CNBC’s “Squawk Box Europe” on Monday.

She added: “If an agreement is to be reached, this must happen quickly. This is because companies need to be prepared, so the fishermen on both sides need to know what happened in early January and what will happen.”

The EU’s chief negotiator, Michel Barnier, told reporters in London on Sunday: “Let us work hard, let us work hard,” according to Sky News, mentioning the possibility of a deal.

Before arriving in London for more negotiations, Barnier said on Friday that “the same major differences still exist.”

Business worry

Earlier last week, European Commission President Ursula von der Leyen stated that “this is the decisive day” in the process, but she cannot say whether an agreement will be reached. Since then, the message in London has been more positive.

Britain’s chief negotiator, David Frost, said on Friday that “it’s too late, but it is still possible to reach an agreement.”

An unnamed European official told CNBC last weekend that due to the sensitivity of the talks, whether a breakthrough can be achieved depends on the phone call between British Prime Minister Boris Johnson and von der Laing.

However, there are currently no plans to make a call between the two.

At the same time, companies on both sides are waiting for the end of this process. The British Chambers of Commerce (British Chambers of Commerce), a commercial and trade body, warned in late September that if an agreement is not reached, there will be a “significant gap” in the government’s guidance to businesses.

As a member of the European Union for more than 40 years, many British exporters rely on European raw materials or customers, and vice versa.

According to reports, in the absence of an agreement between the UK and the EU, automakers are stocking cars and parts to avoid being hit by tariffs. Brands such as Volkswagen and Honda have large manufacturing plants in the UK and then export them to other parts of the European Union.


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