Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

UK-EU Brexit Talks Deadlocked as Clock Ticks Down

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Talks between the European Union and the United Kingdom on their future relationship in the wake of Brexit have ground to a near-standstill despite the urgency for progress before a summit next month.

The UK’s chief negotiator, David Frost, said in a statement Friday that we have made very little progress towards agreement on the most significant outstanding issues.”

The two sides remain at odds over a range of key issues including fishing and the role of high courts in settling future disputes.

A third week-long negotiation session drew to a close Friday, but so far, just over 100 days after the U.K.’s official exit from the EU, fundamental gaps are still yawning.

It is hard to understand why the EU insists on an ideological approach which makes it more difficult to reach a mutually beneficial agreement,” Frost said.

EU negotiator Michel Barnier later told a news conference in Brussels that there was no progress on all the most difficult issues.” In little over a month, the EU leaders and U.K. Prime Minister Boris Johnson are scheduled to have a summit, likely on video, to take stock of the talks’ progress.

Britain officially left the 27-nation bloc on Jan. 31, but remains within the EU’s economic and regulatory orbit until the end of the year. The two sides have until then to work out a new relationship covering trade, security and a host of other issues or face a chaotic split that would be economically disruptive for both sides, but especially for the U.K.

The U.K.-EU divorce agreement allows for the deadline to be extended by two years, but Johnson’s government insists it won’t lengthen the transition period beyond Dec. 31.

Most trade deals take years to negotiate, so finishing something as fundamental as this in 11 months would be a Herculean task at the best of times. Many politicians, experts and diplomats believe it is impossible during a pandemic that has focused governments’ resources on preserving public health and averting economic collapse.

If no deal on their future relationship is agreed by then, a cliff-edge economic departure would loom again for Britain, with uncertainly over customs rules, airline slots, financial regulation, and other standards.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic