Britain, EU tell each other to give way in 'difficult' trade talks

LONDON (Reuters) - Britain insisted on Sunday that the European Union should shift position to open the way to a post-Brexit trade pact, drawing a swift response from the bloc's negotiator defending the union's right to protect its interests. Negotiations are expected to continue on Monday, beyond a Sunday deadline set by the European Parliament, and a senior British government source described them as 'difficult' because of the 'significant differences' in position. With less than two weeks before Britain leaves the EU's orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas but so far, neither has budged far enough for a breakthrough.

Reuters December 21, 2020 03:05:08 IST
Britain, EU tell each other to give way in 'difficult' trade talks

Britain EU tell each other to give way in difficult trade talks

LONDON (Reuters) - Britain insisted on Sunday that the European Union should shift position to open the way to a post-Brexit trade pact, drawing a swift response from the bloc's negotiator defending the union's right to protect its interests.

Negotiations are expected to continue on Monday, beyond a Sunday deadline set by the European Parliament, and a senior British government source described them as "difficult" because of the "significant differences" in position.

With less than two weeks before Britain leaves the EU's orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas but so far, neither has budged far enough for a breakthrough.

Talks to reach a deal have been largely hamstrung over two issues - the bloc's fishing rights in British waters and creating a so-called level playing field providing fair competition rules for both sides.

British health minister Matt Hancock said on Sunday morning the bloc should drop its "unreasonable demands".

"We want these talks to reach a positive conclusion, of course I want a deal, I think everybody wants a deal," Hancock told Sky News. "Unfortunately, the EU have put in some unreasonable demands ... I am sure a deal can be done but obviously it needs movement on the EU side."

Britain left the EU on Jan. 31 and has been in a status-quo transition period since then. That expires at the end of the year when Britain will leave the bloc's customs union and single market.

EU negotiator Michel Barnier said talks with UK counterpart David Frost were at a "crucial" point on Sunday.

"The EU remains committed to a fair, reciprocal and balanced agreement. We respect the sovereignty of the UK. And we expect the same," he said.

"Both the EU and the UK must have the right to set their own laws and control their own waters. And we should both be able to act when our interests are at stake."

The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc's market of 450 million consumers.

London wants to be able to set its own regulations and to have the right to respond if the other side changes its rules.

FISHERIES ACCESS

On fisheries, the bloc also wants the right to retaliate by curbing UK market access should Britain squeeze EU vessels out of its waters. London says it will become an independent coastal state from 2021 with full control of its waters but is open to discussions on a possible transition period for EU boats.

The British government source said the "talks remain difficult and significant differences remain. We continue to explore every route to a deal that is in line with the fundamental principles we brought into the negotiations".

Prime Minister Boris Johnson, the face of Britain's 2016 campaign to leave the EU, has long said he cannot accept any deal that does not respect the country's sovereignty, a goal that was at the heart of his election last year.

But the EU is equally determined to protect its lucrative single market and wants to prevent London securing what it considers to be the best of both worlds - preferential market access with the advantage of setting its rules.

There is little time left. On Saturday, the European Parliament repeated its call for a deal to be reached no later than this weekend, to give it time to properly ratify the agreement.

The EU has long said it wants to safeguard the parliament's right to exercise democratic oversight, but if an agreement arrived later than this weekend, the bloc's 27 member states could still endorse it on their own.

(Reporting by Elizabeth Piper and Gabriela Baczynska, Editing by Frances Kerry and Louise Heavens)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Snow-struck Madrid struggles with cleanup as severe frost grips Spain
World

Snow-struck Madrid struggles with cleanup as severe frost grips Spain

By Elena Rodriguez and Belén Carreño MADRID (Reuters) - Authorities struggled to clear ice and fallen trees from the streets of Madrid on Tuesday and temperatures in parts of Spain hit record lows after a snowstorm wrought havoc across the country at the weekend. Early jubilation at the historic snowfall, which saw skiers gliding through the streets and mass snowball fights, gave way to frustration as most public transport remained stalled and pedestrians avoided the icy streets. "You in Madrid are not ready for this," said Demetrio, a Ukrainian living in Madrid, who did not give his last name.

Trump disavows any responsibility for his supporters' Jan. 6 attack
World

Trump disavows any responsibility for his supporters' Jan. 6 attack

By Steve Holland and Andrea Shalal JOINT BASE ANDREWS, Md./WASHINGTON (Reuters) - U.S. President Donald Trump, facing impeachment on a charge of "incitement of insurrection" on Tuesday disavowed responsibility for his supporters' violent invasion of the U.S. Capitol last week and said his remarks before the siege were appropriate.

Renault and Plug Power to develop fuel-cell commerical vehicles
News & Analysis

Renault and Plug Power to develop fuel-cell commerical vehicles

PARIS (Reuters) - French carmaker Renault and U.S. hydrogen specialist Plug Power have joined forces to develop hydrogen-powered light commercial vehicles, they said on Tuesday. The companies have signed a memorandum of understanding to launch a France-based 50-50 joint venture by the end of the first half of 2021, targeting more than 30% share of the fuel cell-powered light commercial vehicle market in Europe, their joint statement said