The European Union wants an ambitious zero-tariffs and zero-quotas trade deal with Britain but this will be conditional on open and fair competition between the UK and the 27-nation bloc it quit last week, the EU's Brexit negotiator said on Monday (February 3).
Michel Barnier, unveiling the European Commission's mandate for talks with Britain on the future relationship between London and Brussels, said there should be a level playing field over the long term on social, state aid and environmental standards.
Barnier said a free trade agreement must include a deal on fisheries that would give reciprocal access to waters and warned that an absence of deal by the end of the year could lead to a 'cliff edge.'
The deal will define post-Brexit relations between the world's fifth largest economy and its biggest trading partner.
Food has been seen arriving at the Brexit talks venue in Westminster this afternoon as discussions of a trade deal between the UK and the EU continue. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still "very difficult" and it was determined to "take back control" from the bloc it left 10 months ago. Francis Maguire reports.
Business Secretary Alok Sharma says the Brexit talks are still in a "pretty difficult phase" with "time running very short". Mr Sharma said that a deal will only happen if the EU recognise that the UK sovereign and independent. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The EU's chief negotiator Michel Barnier said it was an "important day" as he left his hotel to continue Brexit trade talks with the UK Government this morning. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On Friday, Goldman Sachs predicted the UK's economy will grow 7% in 2021. The growth will be led by the coronavirus vaccine rollout and a Brexit trade deal. Over half of the country's population is expected to be immunized by March. Business Insider reports there will be a significant rebound in economic activity from the second quarter of next year. New trade restrictions are likely to weigh on potential growth in the coming years. Goldman said the drag will mostly be slow to materialize.
UK and EU negotiators talked late into the night amid suggestions the prospect of a Brexit trade deal was 'receding'. Food was spotted being delivered at the meeting venue late evening, while Mr Barnier was seen departing at around 10pm. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The European Union’s chief Brexit negotiator Michel Barnier arrived at the Department for Business, Energy and Industrial strategy in Westminster on Thursday morning for further post-Brexit trade talks. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn