Britain, EU Rule Out Quick Post-Brexit Deal
Pro-Brexit activists demonstrate outside of the Houses of Parliament in London on October 28, 2019. ISABEL INFANTES / AFPBritain and the European Union on Thursday broke up their latest round of post-Brexit trade negotiations by ruling out a quick deal but voicing hope for agreement in the coming months.
But the sides’ chief negotiators said this was unlikely because of a fundamental gap on major areas such as fishing rights and fair competition rules. A senior British government official said the sides will try to agree the shape of a potential accord — now more likely to look like one big deal than lots of small ones — at informal talks in London next week.
A handout picture released by the European Commission on July 23, 2020 shows EU chief Brexit negotiator Michel Barnier delivering a statement at a press conference at the offices of the Delegation of the European Union to the UK at Europe House in London on July 23, 2020. Niklas HALLE’N / European Commission / AFPBritain remains bound by the bloc’s rules until December 31 pending the outcome of negotiations about its future relationship with its largest trading partner.
A failure to bridge this divide will reduce ties to minimum standards set by the World Trade Organization.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slack files EU antitrust complaint against MicrosoftThe workplace messaging platform Slack said Wednesday it has filed an antitrust complaint with the European Commission alleging that Microsoft is illegally tying its own product to its dominant Office software suite. Slack Microsoft Technology
Read more »
Slack Files EU Antitrust Complaint Against MicrosoftSlack Files EU Antitrust Complaint Against Microsoft
Read more »
ECB's Lagarde lauds EU for 'stepping up' with recovery planEuropean Central Bank chief Christine Lagarde on Tuesday praised EU leaders for agreeing on a huge recovery plan for their coronavirus-ravaged economies, saying it showed the bloc 'steps up and comes together' in times of crisis.
Read more »
COVID-19: Ekiti PDP wishes Fayemi quick recoveryThe Ekiti State chapter of the People's Democratic Party (PDP) has expressed solidarity with the State Governor, Dr Kayode Fayemi, who..
Read more »