Economy

Boris Johnson holds crunch summit with European Union chief Ursula von der Leyen

Boris Johnson holds crunch summit with European Union chief Ursula von der Leyen”

The UK's decision not to seek an extension to the Brexit transition period is "no surprise", NI's First Minister Arlene Foster has said.

Cabinet Office Minister Michael Gove and the UK's chief negotiator, David Frost, will be with Mr Johnson with the UK's ambassador to the EU Sir Tim Barrow also expected to join in the call.

"We are mindful that the withdrawal agreement only permits an extension of the transition period if this has been agreed before the end of June". Britain formally left the European Union on January 31 and is now negotiating a trade agreement.

Mr Aiken said there has been no risk assessment of the implications of additional costs of trade with the "biggest market, that is the rest of the country".

"We are looking to agree a high quality free-trade agreement based on the agreements the European Union has already reached with other countries, but whatever happens we will be ready for 1 January when we will take back control of our laws, border and money", a Downing Street spokesman, according to PA.

They also said the United Kingdom government had "simply dismissed" the views of the devolved governments. Importers of most goods will be able to delay submitting customs declarations or paying tariffs for up to six months, though they will have to keep customs records.

More news: Coronavirus: India to use 500 train carriages as wards in Delhi

Later, the EU's chief negotiator Michel Barnier conceded that the bloc's hopes of extending the Brexit transition had been dashed.

While tariffs will need to be paid, payments can be deferred until the customs declarations have been made, and companies will need to consider how they account for Value-Added Tax on imported goods.

The second sample received additional information on potential delays to the supply of medicines and medicinal products in the event of a no-deal Brexit, and among this sample, the proportion thinking the transition period should extend increased to 65%, with 31% saying it should not extend.

The new trading regime will involve fresh infrastructure at ports and airports with a £50m support package to get an estimated 50,000 customs agents, freight forwards and other experts in place for 2021.

Mr Johnson is set to hold high-level meetings with Brussels leaders on Monday - speaking with European Commission President Ursula von der Leyen, European Parliament President David Sassoli, and European Council President Charles Michel - to demand "renewed energy and commitment" in talks which have so far resulted in a deadlock.

On Monday, Von der Leyen tweeted that the "EU is ready to intensify the talks", calling for an injection of "fresh momentum" into the negotiations. "In this context, we both agreed on accelerating the implementation of the Withdrawal Agreement and to accelerate our work".



Like this

loading...
loading...

Latest


15 June 2020
Oil drops as new coronavirus outbreaks raise fuel demand concerns
A few days back, Nigeria suggested that it would now fully comply with the OPEC agreement and would bring down its production. Now it will have to compensate for the overproduction in addition to regular curbs.

15 June 2020
COVID-19: Investigational dual antibody cocktail, REGN-COV2, clinical trial initiated
Data from the Phase 1 and Phase 2 studies will be used to refine the endpoints and determine size for the Phase 3 studies. Regeneron Pharmaceuticals Inc. started the clinical trials on Wednesday.

15 June 2020
'Wonder Woman 1984' delayed to October thanks to 'Tenet' release
Of course, all of these questions and more will finally be revealed when we're finally in the theater watching Wonder Woman 1984 . However, the coronavirus outbreak disrupted those plans after cinemas closed in mass in the latter part of March.

15 June 2020
Microsoft's latest Windows 10 updates come with nasty printer bugs
But in the meantime Windows 10 users can avoid the issue by connecting a powered-on USB printer before starting the OS. The adoption of Windows 10 continues to rise across the world as the number of people using Windows 7 declines.

15 June 2020
Madeleine McCann suspect refuses to answer questions - police hail 'significant' evidence
He was revealed as the main suspect earlier this month, as German and United Kingdom police made a fresh appeal for help. Christian Brueckner is the prime suspect in the 2007 disappearance of British toddler Madeleine McCann .

15 June 2020
Baker Mayfield 'okay' with losing fans over National Football League kneeling stance
It's about equality and everybody being treated the same because we're all human. "If I lose fans, that's OK. I have the utmost respoect for our military, cops, and people that serve OUR country.

15 June 2020
Over 520,000 people infected with coronavirus in Russian Federation
Moscow , the country's worst-hit region, reported 1,477 newly confirmed cases, taking its tally of infections to 205,905. The death rate is 1.3% of all cases in Russian Federation , according to the crisis center.

15 June 2020
Turkish court jails local US consul staffer for aiding 'terror group'
He was initially accused of espionage and attempting to overthrow the government, but Turkey dropped these charges in March. Lastly, he said Topuz has the right to appeal to the high court against the court decision within seven days.

15 June 2020
Top airlines take United Kingdom government to court over 'devastating' quarantine
BA, along with competitor airlines easyJet and Ryanair , launched legal action on Friday to try to overturn the quarantine policy. If judges agree, lawyers have said the government would have to show the scientific evidence that underpinned the rule .

15 June 2020
Graves dug on Copacabana Beach to symbolize Brazil's coronavirus dead
Another male, who stated his 25- year-old boy passed away of COVID-19, walked around changing the fallen crosses. Cemetery workers in protective clothing in one of Brazil's mass graves.