EU’s Changing Tone On Brexit Makes UK Confident Of A Deal

There has been a distinct change the tone and attitude of European Union in recent weeks over the Brexit deal with the United Kingdom which has allowed progress to be made and prompted Britain’s top minister overseeing Brexit talks saying that he was o=confident of clinching a deal with the bloc.

After having officially left the EU on January 31 this year, the UK is still within the bloc under the main terms of its membership – which include the UK being within the EU customs union and single market. This is the transition period for the UK which will last till the end of the current year. It is therefore imperative that the two sides come to a deal on free trade and other aspects before that period.

“I’m confident that there will be a deal, I think there has been a welcome change in tone over the last few weeks,” Michael Gove told reporters in Portadown in the British province of Northern Ireland.

“The omens are good for a deal. Now of course there is some tough talking to do,” Gove said. “I believe that there will be a successful negotiated outcome.”

Even though Britain always stressed that it believed a Brexit deal was possible, the mood reflected through the latest comments of Gove – one of the most senior Brexit supporters in Prime Minister Boris Johnson’s government – was very significantly positive compared to the tones sounded in recent months.

For example, Gove was demanding in late May that the EU should take the lead to break the impasse in the talks.

If the two sides are unable to come to an agreement before the end of the transition period, it is feared that the global economy would be thrown into disarray once again at the beginning of next year when the world would slowly be recovering from the drastic impact of the novel coronvirus pandemic.

According to reports published earlier this month quoting diplomatic sources, there is a willingness among the EU leaders to compromise on a deal by softening its demand that Britain adhere to the rules of the bloc on state aid after it completely leaves the EU. Reports said the EU could agree on a compromise formula that would entail creating a dispute-settling mechanism that would deal with any state aid granted by the UK to its companies in the future instead of insisting that the UK follow the fair-competition rules of the bloc form the beginning.

“The relationship that we have with the European Union is constructive, pragmatic and impressive,” Gove said, adding that he thought a deal could be done though there was more work to do.

Britain and the EU have planned more trade negotiations all the way until October 2, less than a fortnight before a summit where the bloc hopes to endorse any agreement with London.

(Adapted from DeccanHerald.com)



Categories: Economy & Finance, Entrepreneurship, Geopolitics, Regulations & Legal, Strategy, Sustainability, Uncategorized

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