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Brexit

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
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