Tuesday, December 1, 2020
UK and EU to 'redouble efforts' on post-Brexit trade Deal/UK, EU resume face-to-face trade talks with time Running Out
UK and EU to 'redouble efforts' on post-Brexit trade Deal
LONDON (AP) — British Prime Minister Boris Johnson and the head of the European Union's executive arm agreed Saturday to stay in contact as their negotiating teams step up efforts to conclude a post-Brexit trade deal between the U.K. and the European Union before time runs out.
(1 of 1) Britain's Prime Minister Boris Johnson greets European Commission President Ursula von der Leyen outside 10 Downing Street in London. Johnson and European Commission President Ursula von der Leyen have agreed to stay in contact over the coming days as their negotiating teams step up efforts to conclude a post-Brexit trade deal between the U.K. and the European Union. With less than two months to go before the U.K. exits the EU’s economic orbit, a spokesman at Johnson’s Downing Street office said the negotiating teams would “redouble efforts to reach a deal” when the talks resume in London on Monday, Nov. 9, 2020.
With less than two months to go before the U.K. exits the EU's economic orbit, a spokesman at Johnson’s Downing Street office said the negotiating teams would "redouble efforts to reach a deal” when talks resume in London on Monday.
The spokesman said Johnson told European Commission President Ursula von der Leyen during a Saturday telephone call that “significant differences” remain despite “some progress" in the negotiators' recent discussions.
In a similar sounding statement, Von der Leyen noted some progress as well as “large differences" in the trade talks, adding that the negotiating teams will “continue working hard” to secure a deal. Both sides said the main issues at hand related to a so-called “level playing field” governing business regulations and fisheries.
Though the U.K. left the EU on Jan. 31, it remains within the bloc’s tariff-free single market and customs union until the end of the year. In order for a deal to pass the necessary legislative hurdles, an agreement has to be secured soon, potentially over the next week.
A trade deal would ensure there are no tariffs and quotas on trade in goods between the two sides, but there would still be technical costs, partly associated with customs checks and non-tariff barriers on services.
Though both sides would suffer economically from a failure to secure a trade deal, most economists think the British economy would take a greater hit, at least in the near-term, as it is relatively more reliant on trade with the EU than vice versa.
When the EU's chief negotiator, Michel Barnier, and his British counterpart, David Frost, meet next week, they will do so in the knowledge that Joe Biden has won the U.S. presidential election; The Associated Press and other U.S. news outlets called the race in Biden's favor Saturday.
Though the election is not connected directly, many analysts say it could have a bearing on the discussions. President Donald Trump was a Brexit cheerleader and said he wanted to conclude a trade deal with the U.K. were he to win reelection.
In contrast, Biden has voiced worries about the impact of Brexit on the peace process on the island of Ireland. The former Democratic vice president said he would seek to rebuild U.S. ties with the EU, were he to become president.
Follow all AP stories about Brexit and British politics at https://apnews.com/Brexit
Subjects
General news, Government and politics, Business, Brexit referendum People
Joe Biden, Donald Trump, Boris Johnson, David Frost Locations
London, England, United Kingdom, Western Europe Organisations
United Kingdom government, European Commission, European Union
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UK, EU resume face-to-face trade talks with time Running Out
LONDON (AP) — Teams from Britain and the European Union resumed face-to-face talks on a post-Brexit trade deal Saturday, with both sides sounding gloomy about striking an agreement in the little time that remains.
November 28, 2020
EU chief negotiator Michel Barnier returned to London to meet his U.K. counterpart David Frost. Talks have been held virtually for the past week as Barnier completed a spell of self-isolation after a member of his team tested positive for the coronavirus.
COVID-19 is just one complication in negotiations that remain snagged over key issues including fishing rights and fair-competition rules. Barnier said Friday that the remote talks had made little progress and the “same significant divergences persist.”
The U.K. left the EU early this year, but remained part of the bloc’s economic embrace during an 11-month transition as the two sides tried to negotiate a new free-trade deal to take effect Jan. 1. Talks have already slipped past the mid-November date long seen as a deadline to secure a deal in time for it to be approved and ratified by lawmakers in Britain and the EU.
If there is no deal, New Year’s Day will bring huge disruption, with the overnight imposition of tariffs and other barriers to U.K.-EU trade. That will hurt both sides, but the burden will fall most heavily on Britain, which does almost half its trade with the EU.
While both sides want a deal, they have fundamental differences about what it entails. The 27-nation EU accuses Britain of seeking to retain access to the bloc’s vast market without agreeing to abide by its rules, and wants strict guarantees on “level playing field” standards the U.K. must meet to export into the EU.
The U.K. claims the EU is failing to respect its independence and making demands it has not placed on other countries with whom it has free trade deals, such as Canada. To reach a deal the EU will have to curb its demands on continued access to U.K. fishing waters, and Britain must agree to some alignment with the bloc’s rules — difficult issues for politicians on both sides.
British Prime Minister Boris Johnson told Irish leader Micheal Martin on Friday that he remained committed “to reaching a deal that respects the sovereignty of the U.K.,” Johnson’s office said.
Subjects
General news, Business, Trade barriers, Trade policy People
Michel Barnier, Boris Johnson, David Frost, Micheal Martin Locations
United Kingdom, Western Europe, Europe, London Organisations
European Union
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British EX-Foreign Minister Boris Johnson, a Putin Crony/Agent who Sold BREXIT DOOM to the gullible British Prime Minister Theresa May,as UK is a Former quasi EU,which function as EU State with its different Currency, No North Ireland & Ireland Republic Border and Queen off Table transaction which are not covered by industrial/data Production and factual economic index,as obtainable from Germany,but France is not a complete EU,like UK has so many off Table exploitative Trade/Transactions not covered by Production or direct Trade.there is no Need for BREXIT,as UK usually function as an EU State without BREXIT strict Regulation/Border.
why the UK officially seeking for BREXIT with its Cost and now leaving shall cost the UK, 2 Billion Pounds and establishing BREXIT,shall cause the UK a Doom.
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