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World UK-EU Brexit talks back on as clock ticks to trade deadline

12:45  22 october  2020
12:45  22 october  2020 Source:   msn.com

On eve of UK deadline, trade talks with EU still stalled

  On eve of UK deadline, trade talks with EU still stalled BRUSSELS (AP) — On the eve of a European Union summit which British Prime Minister Boris Johnson had set as a deadline to get a post-Brexit trade agreement between both sides, talks remained in a deep rut over fundamental differences regarding anything from state aid to fisheries. EU nations are already looking to the end of the month, when they see the ultimate deadline for an agreement if they still want to get it through legal vetting and parliamentary approvals before Jan. 1. A trade deal for the EU and the recently departed U.K.

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European Union negotiators headed to London on Thursday to resume Brexit trade talks after Britain called off a boycott, with both sides vowing to work round the clock to seal a deal in the time left.

Michel Barnier wearing a suit and tie: EU chief Brexit negotiator Michel Barnier reports to the European Parliament in Brussels on Wednesday about the status of the negotiations © Olivier HOSLET EU chief Brexit negotiator Michel Barnier reports to the European Parliament in Brussels on Wednesday about the status of the negotiations

Led by chief negotiator Michel Barnier, the EU team was en route from Brussels after a dramatic breakthrough on Wednesday gave Britain an outlet to end days of brinkmanship and redouble efforts to prevent economic chaos at the end of the year.

In a joint document, Britain and the EU agreed that Barnier and UK negotiator David Frost would meet through the weekend, and continue every day if necessary beyond that to bridge their yawning differences once a post-Brexit transition ends on December 31.

Brexit: no deal in sight according to Boris Johnson, unless Brussels makes an effort

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Are post- Brexit trade talks back on ? Both the UK and EU are calling on each other to compromise ahead of the looming December deadline for a deal. From 1 January 2021, the so-called transition period will be over, which has seen the UK continue to follow EU trading rules while a deal was

EU - UK post- Brexit trade talks . media captionMichael Gove: Not reaching a trade deal with the EU is an “outcome for which we are increasingly well prepared”. The EU has said it is willing to "intensify" talks on a trade deal with the UK this week to try to break the impasse between the two sides.

David Frost wearing a suit and tie: Britain's chief Brexit negotiator David Frost seen arriving at Downing Street in London on Monday amid the impasse over negotiations for a trade deal with the EU © Tolga AKMEN Britain's chief Brexit negotiator David Frost seen arriving at Downing Street in London on Monday amid the impasse over negotiations for a trade deal with the EU

However, the 10-point memo cautioned that "nothing is agreed in these negotiations until a final overall agreement is reached".

Speaking to Sky News, British policing minister Kit Malthouse said he had his "fingers crossed" that the new urgency injected into the fraught talks would pay off.

"Negotiations often involve a bit of temper, and tensions, and slamming doors, and walking out," he said.

"It's in the nature of a negotiation that these things become tense, particularly towards the end when you're facing a deadline."

- Trawling for compromise -

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U . K . to Restart Brexit Trade Talks with European Union . The U . K . agreed to resume trade talks with the European Union less than a week after Prime Minister Boris Johnson suspended them. If the EU and the U . K . fail to reach a trade agreement, consumers and businesses will face the cost and

The EU has since offered to intensify talks and open discussions on legal texts of a draft deal, but “If they want to get back to the negotiating table, they can,” said one EU diplomat. “If they want to jump Johnson and his Brexit supremo Michael Gove will tell businesses on a video call on Tuesday to step

The breakthrough, which pushed the pound to six-week highs on currency markets, came hours after Barnier told a session of the European Parliament in Brussels that an agreement was "within our grasp" if both sides compromised.

An EU summit last week had said any compromises would have to come from Britain, angering Prime Minister Boris Johnson's government which then threatened to walk away.

Barnier also said the 27-nation bloc would proceed on "the basis of legal texts", satisfying British demands for an intensification of the process to finalise a treaty.

The extent of state subsidies, how to arbitrate future differences and fishing rights remain key sticking points that could still thwart a deal being reached.

A spokesperson for Johnson's government said if the talks do fail, the UK would end the transition period on a barebones arrangement with the EU governed by World Trade Organization quotas and tariffs, "and will prosper in doing so".

Report: Browns TE David Njoku once again wants to be traded

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UK - EU trade talks will be tricky from the outset. In the Withdrawal Agreement, Boris Johnson signed up to Northern Ireland effectively (though not Some say a crisis point and a ticking clock is what it takes to turn the wheel and find solutions. That's what happened in Brexit negotiations back in November.

UK - EU trade talks : A simple guide. Brexit trade deal: What are the sticking points? Any trade deals the UK strikes with non-EU countries will be allowed to start from 1 January (ie once the UK Brexit supporters have long argued that allowing the UK freedom to set its own trade policy will benefit the

However, such a "no deal" Brexit scenario in just over two months could see a huge disruption to EU-UK business, just as both sides grapple with the economic havoc of the coronavirus pandemic.

Anxiety has been mounting about the likely repercussions of that, with European fishermen notably warning they face ruin if deprived of access to Britain's rich waters.

- Corporate concerns mount -

On the UK side, businesses complain the government is failing to prepare on an array of fronts. Even with a trade deal, British companies will still need to wade through reams of new red tape to ensure their goods comply with EU standards.

"As in all aspects of business," Malthouse said, "you prepare for the worst and hope for the best".

"From a governmental point of view we're in good shape, and we're encouraging businesses to do exactly the same."

Britain formally left the EU in January but under the terms of its divorce treaty, it will only be free of EU structures after nearly five decades of tight economic integration from 2021.

Johnson had set a mid-October deadline to strike a free trade deal. That has slipped already, and the EU says an agreement must be reached by November to give parliaments on both sides of the Channel time to ratify it.

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Patriots unlikely to trade reigning DPOY Stephon Gilmore? .
In addition to the high-level draft picks that a Gilmore trade would entail, the acquiring team must also be prepared to pony up a massive extension soon. Gilmore’s contract runs through the 2021 campaign, and even though he is not performing at the same level this year as he was in 2019, he will surely demand a top-of-the-market contract this offseason.Subscribe to Yardbarker's Morning Bark, the most comprehensive newsletter in sports. Customize your email to get the latest news on your favorite sports, teams and schools. Emailed daily.

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