Britain and EU to resume trade talks By Reuters

2/2
© Reuters. EU chief Brexit negotiator Michel Barnier arrives for talks in London

2/2

By Estelle Shirbon and Conor Humphries

LONDON/DUBLIN (Reuters) – British and European Union negotiators will meet in Brussels on Sunday in a last-ditch attempt to strike a post-Brexit trade deal before a transition agreement ends on Dec. 31.

British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen spoke on Saturday and instructed their teams to resume talks after they were paused on Friday.

In a joint statement after their call, Johnson and von der Leyen said that no agreement was feasible if disagreements on the three thorny issues of governance, fisheries and competition rules, known as the level playing field, were not resolved.

“This is the final throw of the dice,” a British source close to the negotiations said.

EU Brexit negotiator Michel Barnier said the talks on Sunday with his British counterpart David Frost would show whether a new trade deal could be struck.

A majority of Johnson’s ministers were willing to back him if he decides a deal is not in Britain’s interests, the Times newspaper reported, saying 13 cabinet ministers – including eight who opposed Brexit – had confirmed they would do so.

British farming minister George Eustice backed that up in an interview on Sky News on Sunday, saying the country had done a huge amount of preparation for a no-deal and was ready to go through with such a scenario.

“We’ll continue to work on these negotiations until there’s no point in doing so any further,” said Eustice.

But Irish Foreign Minister Simon Coveney, a key figure in Brexit talks in recent years, said it was not credible for the British government to suggest they could manage a no-deal.

Striking a more optimistic note, Coveney said it was his “very strong view” that a deal could be done. “We are more likely to get a deal than not,” Coveney told Ireland’s Sunday Independent newspaper.

Negotiations were paused on Friday after hopes of a deal earlier in the week evaporated. The British team said the EU had made demands incompatible with its sovereignty and warned that the talks could end without an agreement.

Coveney denied the EU had hardened its stance.

If they fail to reach a deal, a five-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the economic cost of the COVID-19 pandemic.

Experts have warned that a no-deal scenario would cause huge long-term disruption to the British economy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function()
{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);

by : Reuters

Source link

Capital Media

Read Previous

Gold Cools after 3-Day Run-up; Seals Best Week in Four By Investing.com

Read Next

Orange Côte d’Ivoire s’associe à Israël Guébo pour lutter contre la propagation des fake news