Published 17:36 IST, December 6th 2020
UK's Chief Brexit Negotiator Frost arrives in Brussels for last-ditch Brexit talks
The UK's Chief Brexit Negotiator David Frost arrived in Brussels on Sunday ahead of another crunch day of post-Brexit trade discussions between the European Union and the UK.
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The UK's Chief Brexit Negotiator David Frost arrived in Brussels on Sunday ahead of another crunch day of post-Brexit trade discussions between the European Union and the UK.
Talks were paused again on Saturday after negotiators struggled to bridge an array of differences.
In a joint statement, British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen said “a further effort” should be undertaken by their respective negotiating teams to assess whether the “significant differences” can be resolved.
Months of negotiations have produced agreement on a swath of issues, but serious differences remain over the level playing field - the standards the UK must meet to export into the bloc - and how future disputes are resolved.
That’s key for the EU, which fears Britain will slash social and environmental standards and pump state money into UK industries, becoming a low-regulation economic rival on the bloc’s doorstep.
Though both sides would suffer economically from a failure to secure a trade deal, most economists think the British economy would take a greater hit, at least in the near-term, as it is relatively more reliant on trade with the EU than vice versa
(IMAGE CREDITS: Twitter/@DavidGHFrost)
17:36 IST, December 6th 2020