EU says ‘significant divergences’ remain in Brexit talks

EU and U.K. negotiators have yet to find a way to overcome “significant divergences” in ir attempt to seal a post-Brexit compromise, a spokesman for European Union’s executive arm said on Thursday.

Following Britain’s departure from EU’s political institutions on Jan. 31, two sides are trying to secure a new tre deal before end of year, when Britain will effectively exit EU’s tariff-free ecomic zone.

But negotiations have proved difficult. parties appear far apart on a number of issues including regulations for businesses and fishing industry, with U.K. amantly opposed to EU demands for long-term access to British waters.

Following discussions in London between members of both negotiating teams, European Commission spokesman Daniel Ferrie said meetings will continue next week in Brussels before a full round of negotiations in British capital in week of July 20.

“ EU is engaging constructively and in good faith, as Michel Barnier pointed out earlier this week,” Ferrie said, referring to EU chief negotiator. “We are working hard to overcome significant divergences that remain between us.”