Wednesday, April 14, 2021
Home WORLD Deadline comes knocking: Is there hope left for Brexit deal?

Deadline comes knocking: Is there hope left for Brexit deal?


BRUSSELS: Facing yet another self-imposed Brexit deadline on Sunday, the chief negotiators from the European Union and United Kingdom were making last-ditch efforts to bridge differences on a trade deal that have proved insurmountable for the best part of the year.
The EU’s Michel Barnier and Britain’s David Frost were already meeting just after dawn Sunday to try to reach a middle ground. But so far, the UK hasn’t backed down from its insistence on trading with the 27-nation bloc with as few restraints as possible, and the EU isn’t yielding on its demand to accept trade only if Britain respects the rules of the bloc.
“There is still I think a long way to go,” British Foreign Secretary Dominic Raab said early Sunday.
Britain left the EU on Jan. 31, but remains in its economic structures until a transition period ends on Dec. 31.
Expectations are that the deadline day will be capped with a contact between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen late Sunday.
Whether it’s a negotiating ploy or not, Johnson has publicly said the UK would still thrive mightily if there is no deal and it was “very, very likely” that negotiations on a new relationship that will take effect on Jan. 1 will fail.
If the talks break down Sunday, both sides will have less than three weeks to prepare for the chaotic and costly no-deal exit at the end of the year.
Without a deal UK will trade with the bloc on World Trade Organization terms — with all the tariffs and barriers that would bring.
To jumpstart the flagging talks, negotiators have imposed several deadlines, but none have brought the sides closer together on the issues of fair trading standards, legal oversight of any deal and the rights of EU fishermen to go into UK. waters. While both sides want a deal on the terms of a new relationship, they have fundamentally different views of what it entails. The EU fears Britain will slash social and environmental standards and pump state money into UK industries, becoming a low-regulation economic rival on the bloc’s doorstep, so is demanding strict “level playing field” guarantees in exchange for access to its markets.
The UK government claims the EU is trying to bind Britain to the bloc’s rules and regulations indefinitely, rather than treating it as an independent nation.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Pictures that prove Priyanka Chopra and Nick Jonas are the most stylish couple

The duo makes sure that they dress to impress every time they step out together. Source link

Leslie Odom Jr is fashion’s new favorite boy – Times of India

Actor Leslie Odom Jr. is surely someone to watch out for in the days to come since he has been giving one fashionable...

Coronavirus vaccine side effects: Why are side effects worse after the second jab of the COVID-19 vaccine?

Pain at the site of injection, soreness, stiffness, mild fever could all be symptoms expected after the first shot of the vaccine. They...

How to improve your mandatory writing skills for every job | The Times of India

Efficient written communication is the number one mandatory skill required to ace any job role. Imagine having to explain verbally what you’ve written...

Recent Comments