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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Brexit negotiations

UK and EU agree to historic Brexit deal

UK and EU agree to historic Brexit deal

  • On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
  • Downing Street has issued a statement confirming the deal.
Published 24 Dec, 2020 07:55pm
Britain, EU tell each other to give way in 'difficult' trade talks
World

Britain, EU tell each other to give way in 'difficult' trade talks

  • With less than two weeks before Britain leaves the EU’s orbit, both sides are calling on the other to move to secure a deal and safeguard annual trade in goods from tariffs and quotas.
  • The EU wants to be able to impose trade barriers in the event that Britain changes its regulations in the future and undercuts the bloc’s market of 450 million consumers.
Published 21 Dec, 2020 11:45am
Britain, EU strike pessimistic tone in post-Brexit trade talks
World

Britain, EU strike pessimistic tone in post-Brexit trade talks

  • Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was “very likely” there would be no agreement unless the bloc changed its position “substantially”.
  • Just over two weeks before Britain finally leaves the bloc’s orbit, European Commission President Ursula von der Leyen was also downbeat, saying it would be “very challenging” to overcome the “big differences” that remained.
Published 18 Dec, 2020 11:21am
UK's Patel says on Brexit: we're in 'tunnel' of negotiations
World

UK's Patel says on Brexit: we're in 'tunnel' of negotiations

  • The United Kingdom will work flat out for a Brexit trade deal and the two sides are in “tunnel” negotiations but if a deal with the European Union is not possible then the country will be prepared, interior minister Priti Patel said on Thursday.
  • The “tunnel” is a term for an intense final stage of secretive, make-or-break negotiations.
Updated 17 Dec, 2020 03:40pm
EU chief says UK trade pact closer but success not certain
World

EU chief says UK trade pact closer but success not certain

  • Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
  • Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.
Published 16 Dec, 2020 05:38pm
EU-UK trade pact still possible as departure date nears
World

EU-UK trade pact still possible as departure date nears

  • The European Union’s Brexit negotiator, Michel Barnier, said on Monday that sealing a new pact with Britain was still possible as the date for the country’s departure from the bloc edged nearer.
  • Despite missing multiple deadlines, Britain and the EU agreed on Sunday to “go the extra mile” to try to break deadlocks on access to UK fishing waters for EU trawlers and corporate fair play rules.
Published 14 Dec, 2020 03:07pm
Britain's navy to protect fishing waters in case of no-deal Brexit
World

Britain's navy to protect fishing waters in case of no-deal Brexit

  • Four Royal Navy patrol ships will be ready on Jan. 1 to help protect Britain’s fishing waters in the event the Brexit transition period ends without a deal on future ties with the European Union.
  • There are concerns about possible skirmishes between British and foreign fishing vessels if no trade deal is reached.
Published 12 Dec, 2020 05:18pm
No deal on Brexit trade 'very very likely', Johnson says
World

No deal on Brexit trade 'very very likely', Johnson says

  • Britain is likely to complete its journey out of the European Union in three weeks without a trade deal.
  • Britain quit the EU in January but remains an informal member until Dec. 31 - the end of a transition period during which it has remained in the EU single market and customs union.
Published 12 Dec, 2020 02:29pm
EU Commission chief sees more chance of no Brexit trade deal
World

EU Commission chief sees more chance of no Brexit trade deal

  • Britain is more likely to leave the European Union’s orbit on Dec. 31 without a trade deal than with an agreement, an EU official quoted the head of the European Commission.
  • A no-trade deal Brexit would damage the economies of northern Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.
Published 11 Dec, 2020 05:30pm