With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK).<\/p>\n\n\n\n
The EU\u2019s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are critical, Reuters reported.<\/p>\n\n\n\n
Reuters quoted another EU diplomat as saying that \u201cthere might now be a narrow path to an agreement visible – if negotiators can clear the remaining hurdles in the next few days.\u201d<\/p>\n\n\n\n
Disagreements are mainly within three issues, namely: fisheries, competition rules, and governance.<\/p>\n\n\n\n
The two sides are reportedly near an agreement on fishing rights, and the other two issues, especially as time is running short to reach a deal.<\/p>\n\n\n\n
The UK and the EU have reportedly exchanged warnings that time is passing by without reaching a deal for the post-Brexit era, as the transitional period expires by the end of the year.<\/p>\n\n\n\n
Previous negotiations that took place in London were reportedly quite difficult with massive disagreements remaining.<\/p>\n\n\n\n
The UK is ready to reach a trade agreement with the EU but not at any cost, the British finance minister said at the beginning of the month.<\/p>\n\n\n\n
However, a frame for an agreement is reportedly in place, according to Rishi Sunak.<\/p>\n\n\n\n
Sunak, who recently played down the effect of a no trade deal Brexit in an interview with the Financial Times, told reporters \u201cwith a constructive attitude and goodwill on all sides we can get there.\u201d<\/p>\n\n\n\n
Meanwhile, the head of the European Commission, Ursula von der Leyen, said that the EU is ready for the possibility of a no deal Brexit despite genuine progress in negotiations.<\/p>\n\n\n\n
The Prime Minister of Ireland, Micheal Martin, said last week that he is hoping the outline of a Brexit free-trade deal will come up by the end of the week, despite the continuous difference in opinions between the United Kingdom (UK) and the European Union (EU), Reuters reported.<\/p>\n\n\n\n
Last month, Prime Minister Boris Johnson said that the time has come to be ready for a not reaching a trade deal with the EU.<\/p>\n\n\n\n
According to Johnson, the European Union refused to negotiate seriously.<\/p>\n\n\n\n
On the other hand, the Chairman of the EU summit, Charles Michel said that he is still working for a deal with London, but will not compromise on the main issues. <\/p>\n\n\n\n
Similarly, European Commission President Ursula von der Leyen said that there is still time to reach a deal between the two sides.<\/p>\n\n\n\n
Earlier this month, Sunak said that significant progress has been achieved in trade talks.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the end of the Brexit transition period approaching, there seem to be hopes for reaching a trade arrangement between the European Union (EU) and the United Kingdom (UK). The EU\u2019s chief negotiator Michel Barnier said on Monday that a deal is still possible, noting that the upcoming days are critical, Reuters reported. Reuters quoted …<\/p>\n","protected":false},"author":10,"featured_media":31895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49],"tags":[6865],"class_list":["post-38587","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","tag-brexit"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=38587"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38587\/revisions"}],"predecessor-version":[{"id":38588,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/38587\/revisions\/38588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31895"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=38587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=38587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=38587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}