The EU & Britain start Brexit negotiations even as June 30 deadline looms

On Monday, with little progress made on sticky point, the European Union and Britain commenced trade negotiations even as the June deadline ominously hangs overhead, with both countries yet to agree on extension on negotiations.

British Prime Minister Boris Johnson has earlier repeatedly refused to prolong the current transition period beyond the end of this year, which will grant some time for both countries to map out the scale and scope of their future relationship.

On its part, the EU is looking forward to a comprehensive deal which includes security and fisheries, along with the so-called level playing field guarantees of fair competition. Britain on the other hand is keen on hammering out a narrower trade agreement with the bloc from 2021.

Negotiations which had earlier become complicated with both sides sticking to their positions, have become more knotted because of the coronavirus pandemic, sapping the energy and political attention on both sides of the English Channel.

This week’s round of negotiations will focus on fisheries, trade in goods and services, transport, aviation, energy and other matters; the next round is scheduled for the first week of June.

If Britain were to crash out of the European Union, it would mean a cliff hanger exit from it, without the cushion of supporting network of trade rules and cooperation.



Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: