BR100 Increased By (0.99%)
BR30 Increased By (0.38%)
KSE100 Increased By (1.06%)
KSE30 Increased By (1.14%)
BECO 5.39 Increased By ▲ 0.07 (1.32%)
BML 56.48 Increased By ▲ 1.39 (2.52%)
BOP 35.09 Increased By ▲ 0.05 (0.14%)
CNERGY 8.17 Increased By ▲ 0.08 (0.99%)
DCL 11.44 Increased By ▲ 0.08 (0.7%)
FCCL 57.55 Increased By ▲ 1.36 (2.42%)
FCSC 5.00 Decreased By ▼ -0.01 (-0.2%)
FFL 17.88 Increased By ▲ 0.20 (1.13%)
FNEL 1.25 Increased By ▲ 0.01 (0.81%)
HUMNL 11.17 Increased By ▲ 0.24 (2.2%)
KEL 8.54 Decreased By ▼ -0.03 (-0.35%)
KOSM 6.73 Increased By ▲ 0.24 (3.7%)
MLCF 106.91 Increased By ▲ 0.40 (0.38%)
NBP 198.50 Decreased By ▼ -1.26 (-0.63%)
PACE 11.07 Increased By ▲ 0.05 (0.45%)
PAEL 45.45 Increased By ▲ 0.45 (1%)
PIAHCLA 31.43 Increased By ▲ 2.86 (10.01%)
PIBTL 19.08 Increased By ▲ 0.81 (4.43%)
PPL 242.62 Decreased By ▼ -1.87 (-0.76%)
PRL 35.67 Increased By ▲ 0.73 (2.09%)
PTC 65.52 Decreased By ▼ -0.30 (-0.46%)
SEARL 94.54 Increased By ▲ 0.49 (0.52%)
SSGC 32.08 Increased By ▲ 1.25 (4.05%)
TELE 8.87 Increased By ▲ 0.17 (1.95%)
THCCL 65.66 Increased By ▲ 0.67 (1.03%)
TPLP 10.73 Increased By ▲ 0.47 (4.58%)
TREET 25.11 Increased By ▲ 0.24 (0.97%)
TRG 63.67 Increased By ▲ 0.31 (0.49%)
WAVES 10.70 Increased By ▲ 0.05 (0.47%)
WTL 1.25 Increased By ▲ 0.01 (0.81%)
By

BRUSSELS: Britain and the European Union are still a long way from a post-Brexit trade deal, several European sources told AFP Sunday, as both sides prepared to resume talks this week.

“The negotiations are progressing, but we are still a long way off,” said one senior European official.

Talks are to continue in London until Wednesday, then in Brussels from Thursday, said another source.

But time is fast running out.

France’s Europe Minister Clement Beaune said last week that the EU wanted to wrap up the discussions by October 31 to leave enough time for parliamentary ratification across the bloc’s 27 member states.

“We’ll give it a few days more (into November) to give a chance for the negotiations, but we need to know fairly quickly,” he told the BFM Business network on Thursday.

Talks resumed last week after Britain’s Prime Minister Boris Johnson walked back from the mid-October deadline he tried to impose to get the deal done.

But neither side has budged on the issues that still divide them, such as “level playing field” provisions to ensure Britain does not try to retreat from the EU’s environmental or labour standards, state subsidies and how to arbitrate future differences. They also need to resolve the question of access to British fishing waters by EU vessels.

Brussels is prepared to offer London a zero-tariffs, zero-quotas deal for access to the EU market, better than the deal offered Canada — but only if Britain is prepared to accept EU standards and regulations.

British minister Brandon Lewis remained upbeat in comments to Sky News on Sunday. “I hope and I think there are good chances we can get a deal,” he said.

“But the EU needs to understand it’s them to move as well so that we get a deal that works for the UK, a proper FTA that recognizes us the UK a sovereign nation.”

Comments

Comments are closed for this article.