DM Monitoring
LONDON: Britain and the European Union have made good progress in talks on a last-minute trade deal that would stave off a tumultuous finale to the five-year-old Brexit crisis, but fish is the biggest sticking point.
The United Kingdom left the EU in January but the two sides are trying to clinch a deal that would govern nearly a trillion dollars in annual trade before informal membership – known as the transition period – ends on Dec. 31.
“We’re in intense negotiations with the EU – we’ve made real progress,” Trade Secretary Liz Truss said. “We’re making good progress on the negotiations.”
“But if the EU aren’t prepared to do a deal that allows the UK to retain its sovereignty, then we will go to Australia style terms, and I think that’s perfectly reasonable.”
After threats from Britain that it would undercut the 2020 divorce treaty, and Johnson briefly broke off trade talks on Friday, the EU said it was ready to talk about draft legal texts of a deal.
The chief negotiators of Britain and the European Union, Michel Barnier and David Frost, meet on Friday for intensive negotiations.
After some progress on competition guarantees including state aid rules, the hardest issue remains fish: Johnson has insisted on taking back control over its waters while the EU wants access to the fishing waters.
