AIRLINK 64.95 Decreased By ▼ -0.95 (-1.44%)
BOP 5.60 Decreased By ▼ -0.09 (-1.58%)
CNERGY 4.50 Decreased By ▼ -0.15 (-3.23%)
DFML 22.80 Decreased By ▼ -0.05 (-0.22%)
DGKC 69.81 Decreased By ▼ -0.89 (-1.26%)
FCCL 20.39 Increased By ▲ 0.04 (0.2%)
FFBL 28.50 Decreased By ▼ -0.61 (-2.1%)
FFL 9.75 Decreased By ▼ -0.18 (-1.81%)
GGL 10.06 Decreased By ▼ -0.02 (-0.2%)
HBL 114.90 Decreased By ▼ -0.35 (-0.3%)
HUBC 128.75 Decreased By ▼ -0.75 (-0.58%)
HUMNL 6.66 Decreased By ▼ -0.04 (-0.6%)
KEL 4.45 Increased By ▲ 0.07 (1.6%)
KOSM 4.98 Decreased By ▼ -0.04 (-0.8%)
MLCF 36.88 Decreased By ▼ -0.08 (-0.22%)
OGDC 130.49 Decreased By ▼ -0.71 (-0.54%)
PAEL 22.45 Decreased By ▼ -0.03 (-0.13%)
PIAA 25.44 Decreased By ▼ -0.86 (-3.27%)
PIBTL 6.47 Decreased By ▼ -0.06 (-0.92%)
PPL 111.95 Decreased By ▼ -0.17 (-0.15%)
PRL 28.01 Decreased By ▼ -0.38 (-1.34%)
PTC 15.37 Decreased By ▼ -0.74 (-4.59%)
SEARL 56.90 Decreased By ▼ -1.39 (-2.38%)
SNGP 65.71 Increased By ▲ 0.02 (0.03%)
SSGC 10.88 Decreased By ▼ -0.14 (-1.27%)
TELE 8.78 Decreased By ▼ -0.16 (-1.79%)
TPLP 11.75 Increased By ▲ 0.22 (1.91%)
TRG 68.50 Decreased By ▼ -0.74 (-1.07%)
UNITY 23.48 Decreased By ▼ -0.47 (-1.96%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 7,291 Decreased By -12.5 (-0.17%)
BR30 23,955 Increased By 4.8 (0.02%)
KSE100 70,290 Decreased By -43.8 (-0.06%)
KSE30 23,093 Decreased By -27.8 (-0.12%)

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.