The European Union (EU) negotiator on Brexit trade with the UK is of the view that such talks continue to show significant differences but both sides are determined to reach an agreement.
According to Michel Barnier, ‘the remaining time is running out but both parties are trying their best to reach an agreement.
Despite having passed the critical time of mid-November, trade negotiations on both sides resumed negotiations on the EU-UK trade direction ahead of the post-Brexit agreement deadline which ended on 31 December.
In the last few weeks, the focus is still on the key difference gaps. Both parties have yet to find an agreement on the issue of fisheries and fair competition for companies including state aid.
Face-to-face talks were temporarily halted starting last week after members of the European Union delegation confirmed positive Covid-19. On that basis, negotiations are now underway online and will continue face-to-face in London as conditions become more secure.
Based on a report The British Sun reported that talks held over the weekend indicated that consultants were reviewing clauses that would allow renegotiation of fishing rules in the next few years.
Other sources confirm the matter but both parties are determined to enter into an agreement before the deadline. The pound sterling traded higher against the US dollar earlier in the week with an increase of 0.86% while the US dollar moved weaker in the market due to positive vaccine sentiment which is still a concern.
