Brexit trade talks reach 'critical point', EU and UK agree to expanding 'further efforts'

On December 7, UK PM Boris Johnson’s ministration said that tre negotiations between EU and UK have reached a "critical point". With Boris Johnson, EU president Ursula von der Leyen, and key Brexit negotiators holding talks today, Johnson declared that post-Brexit deal "entered endgame".

EU chief said that negotiations h a "good progress" on issues related to Irish border arrangements. However, EU's chief negotiator, Michel Barnier reportedly called situation "very gloomy" after he held a dialogue with bloc's national ambassors. 

In ir second phone call in 48 hours, European Commission chief said that re was a delock in negotiations, ding, that negotiators were still trying to get a feasible deal in place. phone call between two leers lasted for about 90 minutes. 

Re: EU Negotiator Kicks Off Hectic Day For Final Brexit Deal

While eir side abstained from releasing an official statement just yet, British media reports suggest that EU chief negotiator Michel Barnier and his UK counterpart Lord Frost are still negotiating on key issues. two sides agreed to "furr effort" in order to reach a comprehensive deal before transition period ends on December 31. 

Re: UK's Frost: 'working Very Hard' On Brexit Deal

Brexit delock

Britain exited European Union on January 31, however, UK is yet to reach an agreement for post-Brexit tre with respect to fisheries activities, freedom of competition, handling of future relations, and police and judicial cooperation on criminal matters. Irish foreign minister Simon Coveney told RTE news that talks for an agreement h hit a downbeat, both EU and UK h ramped up efforts to make progress in negotiations as time is running out.

As per BBC reports, Extensive negotiations are needed in field of governance and fisheries and outcome is still uncertain. In earlier negotiations in London, ne of conditions of agreement were met as European Commission informed in a statement. British officials dismissed negotiations as reaching "difficult points".

Meanwhile, France’s demands over fishing rights in British seas is being objected to by UK, that aims at a Cana style free tre post-Brexit. In case of an absence of an agreement by 2020 year-end, UK stands compliant to World Tre Organisation terms that are likely to surge business tariffs once transition period concluded. Tariffs will hit UK’s deal governing almost $1 trillion of annual tre.

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Re: Boris Johnson, EU Chief Negotiators Seek To Break Brexit Impasse On Dec 7

(Im Credit: Twitter/Boris Johnson)