Economy

EU, UK keen to step up the pace as trade talks resume

EU, UK keen to step up the pace as trade talks resume”

With the two sides still far apart, a round of "intensified negotiations" is due to start next week.

The U.K. left the world's biggest trading bloc on January 31.

"I don't see why you can't work on the areas where you have agreement, get that done, with an eye to solving the other problems subsequently", he said, adding he was not in charge of the trade negotiations. European Union and United Kingdom negotiators resumed. European Union chief negotiator Michel Barnier has said a trade deal remains possible if there is compromise on fisheries.

Hopes are that the intensification of the discussions will make it possible to deliver results, after previous sessions of mainly videolink talks achieved little.

"It would, of course, be in Britain's and all EU member states' interests to achieve an orderly departure", Merkel said in an interview published Saturday by Sueddeutsche Zeitung and other European media. A transition period, during which Britain remains in the European single market and customs union, expires on December 31 and the pressure is mounting on the Prime Minister to agree to a free trade deal before then. Both sides have said video talks were not the best format.

More news: Todd takes sole lead as Johnson chases at Travelers

Johnson's spokesman has since said that the U.K.'s aim is to strike a deal by the end of the summer.

"The more rapidly we can arrive at an agreement, the far better - and there's no very clear explanation why the wide outline of a political arrangement cannot be attained in the summertime", a Selection 10 resource advised AFP.

"We will be constructive, as we have always been, and respectful, and we are ready to be creative to find common ground", Barnier told the European Policy Centre in Brussels last week. It marks the first face-to-face meeting of the two negotiators since March.

These include things like the ensures of truthful levels of competition demanded by the European Union in fiscal, social or environmental issues in buy to prevent the emergence of a reduced-regulation financial state on Europe's doorstep.

That could be either a very broad deal covering all areas of the relationship, as the Europeans want, or a simple trade agreement with small sectoral side deals as sought by London.



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