Business

EU and UK say Brexit gap still large, talks continue

Despite multiple rounds of ‘intense’ meetings, the sides remain far apart on fishing rights and rules for competition between British and European companies

Updated 5 years ago · Published on 08 Nov 2020 8:40AM

EU and UK say Brexit gap still large, talks continue
The negotiating teams would reconvene in London on Monday, 'in order to redouble efforts to reach a deal', says Downing Street spokesperson – Pixabay pic, November 8, 2020

BRUSSELS – The European Union and Britain said on Saturday major divergences remain but that post-Brexit negotiations would continue next week to clinch a trade deal in the scant time left.

Following a phone call with Boris Johnson, European Commission chief Ursula von der Leyen said the differences were “large”, while the British prime minister described them as “significant”.

EU negotiator Michel Barnier said he would head back to London Sunday to resume talks with UK counterpart David Frost next week.

Despite multiple rounds of talks, including two weeks of “intense” meetings that ended on Wednesday, the sides remain far apart on fishing rights and rules for competition between British and European companies.

“Some progress has been made, but large differences remain especially on level playing field and fisheries. Our teams will continue working hard next week,” von der Leyen tweeted.

Johnson said the negotiating teams would reconvene in London on Monday, “in order to redouble efforts to reach a deal”, said a Downing Street spokesperson.

“The prime minister set out that, while some progress had been made in recent discussions, significant differences remain in a number of areas, including the so-called level playing field and fish,” he said.

Both leaders agreed to remain in personal contact as well, signalling a stepped-up political effort to secure a new trading partnership before Britain ends a post-Brexit transition period on December 31.

Before then, several weeks are needed for any treaty to be vetted and ratified by both sides, and observers have said they will be cutting it very fine if agreement is not reached by mid-November.

Both sides had warned earlier in the year that a draft deal should be on the table before the end of October if it is to be ratified by the EU and UK parliaments before the end of the year.

But the talks blew past this unofficial deadline, and Britain could yet leave the EU single market and customs union at midnight on December 31 with no follow-on framework for cross-Channel business.

Both sides say they would prefer to avoid the economic disruption that this would entail, but both insist they are ready if it comes to that, and neither is yet ready to cross their red lines. 

For Britain, this means reasserting sovereignty over its fishing waters and for Brussels agreeing rules to prevent UK businesses gaining an unfair advantage over EU competitors.   

Barnier said he was going to London “to find an agreement that respects the interests and values of the EU and its 27 member states”. – AFP, November 8, 2020

Related News

Events / 6d

Penang CM leads investment, trade mission to the US

Opinion / 3mth

Andy Burnham and a new Britain: Why we  should pay attention

Malaysia / 5mth

Tourism industry needs to shift to EVs systemically – MATTA

Business / 6mth

US investigates manufacturing overcapacity in 15 economies, including Malaysia, EU

Malaysia / 7mth

Singapore PM Lawrence Wong arrives in Malaysia for a special visit

Opinion / 7mth

Bridging civilisations: Why India matters to Malaysia’s economic future

Spotlight

Diary

Penang reaffirms commitment to preserve heritage sites across the state

By Ian McIntyre

Opinion

AI: A Godsend for those with dyslexia in education and careers

Malaysia

Malaysia prepares for aged nation status by 2036

Malaysia

Mentally disabled suspect remanded for 7 days over fatal hammer attack in Marang

Malaysia

Masidi urges Putrajaya to address Sabah doctor shortage in upcoming Budget 2027

Malaysia

Police rearrest motivational speaker as second woman files harassment report in Perlis

Malaysia

Anwar vows zero compromise on school safety after alleged murder of teen Irene Sofiya

Malaysia

Classmates arrested as police probe fatal assault of 16-year-old Irene Sofiya

Malaysia

Loneliness, social media drive elderly pensions into hands of cyber scammers

Malaysia

Another desperate attempt by Nadzaruddin and former Undangs

You may be interested

Business

Oil supply risks mount as Brent tops US$102 on threat of Middle East shipping routes disruption

Business

Local contractors offered RM12.7 million ECRL facilities management packages