Home Business There is still no obvious progress in the British-European trade negotiations. A temporary agreement may be reached this week.
There is still no obvious progress in the British-European trade negotiations. A temporary agreement may be reached this week.

There is still no obvious progress in the British-European trade negotiations. A temporary agreement may be reached this week.

by YCPress

There is still no obvious progress in the British-European trade negotiations. A temporary agreement may be reached this week.

November 23rd According to a report by the “Central News Agency” on the 23rd, the trade negotiations between the European Union and the United Kingdom are approaching the deadline, and the two sides are still in a stagated state. In order to avoid a no-deal Brexit, it is reported that the European Union does not rule out reaching a provisional agreement this week.

The UK withdrew from the European Union on 31 January 2020, according to previous reports. According to the regulations, there is an 11-month transition period, and by the end of 2020, the original provisions will remain in force. During this period, Britain and Europe began negotiations on various agreements after Brexit.

However, the negotiation of the trade agreement between Britain and Europe has not been smooth. Britain set October 15 as the deadline for negotiations, but then postponed it to November 19, but failed to reach consensus. Since the European Parliament will need at least six weeks to translate, review and vote documents after the agreement between Britain and Europe, it is of great concern whether Britain and Europe can reach key progress this week.

On November 23, the European Union said that in order to avoid economic and trade disorder caused by Britain’s hard Brexit due to the failure of a trade agreement between Britain and Europe, Britain and Europe do not rule out reaching a temporary agreement this week.

According to the report, the European Parliament will be temporarily adjourned after Europe enters the Christmas holiday in late December, according to the report. However, in response to Brexit, if the negotiations between Britain and Europe reach a consensus, the European Parliament intends to convene a special plenary meeting by the end of December to complete the required voting process, the current date is inclined to be December 28.

At present, the differences between Britain and Europe mainly revolve around two major issues, the first is the fishing rights in British waters, and the second is the regulatory differences between the United Kingdom and the European Union.

Some EU diplomats have made it clear that Britain must accept the EU’s request on the second issue before the EU can consider concessions on fishing rights, otherwise it will not need to be discussed.