European Union (EU) chief negotiator Michel Barnier on Friday came up with an update on trade talks. According to him, there are only a few left for the European Union and Britain to determine the direction of trade agreements and prevent the Brexit crisis from before 31 December.
Negotiations are still going on even though both sides are making claims to each other and there are many conflicting statements in almost every negotiation. Some parties see the agreement can still be reached either successfully or continued even though there are still unresolved problems.
This agreement is important because it will ensure that the trade of goods amounting to almost 1 trillion dollars is continued and free from tariffs and quotas after December 31. According to Barnier, he sees the potential for agreement to be reached despite obstacles.
Barnier added that the current situation is not good and tense. There are only a few hours left to complete these negotiations in the best way which is to reach a starting agreement which will take effect on 1 January.
The sterling currency depreciated by 0.60% to the exchange rate of 1.3502 against the US dollar as of 9.30 p.m.
On the other hand, British Prime Minister Boris Johnson told European Commission President Ursula von der Leyen in a call on Thursday that talks were "in a tense situation" and now it was very likely that an agreement would not be reached unless the EU's position changed. substantial.
Both parties are still working to reach an agreement under any circumstances.
