Monday, November 16, 2020

EU & UK Getting Squeezed Out, Only 10 Days Only To Strike A Deal!

 Britain and the European Union now only have 7 to 10 days to find a solution to holding the trade negotiations, as the Irish Minister for Foreign Affairs Simon Coveney said on Monday.


The trade negotiations resumed on Monday in Brussels after there was little push into the controversy that hindered the agreement in the negotiations. The slightest prompts can be seen in the competition and fisheries regulation issues on the week off. During the same period, both parties have released the final date set in mid-November.


The UK left the European Union (EU) in January but the administration is still working hard to reach a deal that covers a total of 1 trillion dollars in trade a year before December 31st.


Menurt Conveney, now both parties only have 1 week left so 10 days to reach an agreement. Otherwise the UK and EU will be in big trouble and the focus will turn to no trade agreement.



Both are still arguing and sticking to their respective principles. The British administration has repeatedly said that any agreement must respect the country's sovereignty, but the EU refuses to conclude an agreement similar to the treaty signed with Canada.


The two sides are still at a stalemate in two main areas: competition and fisheries. On that basis, one of the right EU diplomats said that the two sides are still far from feeling comfortable, plus the final date is getting closer.


Britain's chief negotiator, David Frost, said on Sunday there had been some progress in the past few days and the two sides had a draft text of the agreement although important elements could not be agreed upon.