LONDON – Brexit Deal Still Seems To Be Far Away. With Brexit done, trade talks have begun between Brussels and London with approximately 500 billion euros on the table.
Britain and the EU have both released their negotiating mandates. These mandates consist of the key points that both sides are in contention for. This would see Britain’s currently seamless trading arrangements with the EU, forged over half a century of membership, abruptly end.
The European Commission however, said it was preparing for all scenarios. Spokeswoman Dana Spinant said that the June meeting that London had set as a deadline to decide progress was “a very fair timeline” to take stock of whether a deal was possible. Brexit Deal Still Seems To Be Far Away.
While they share the goal of a free-trade agreement, both sides have contrasting methods on how to achieve it. Britain expressed their disinterest in exploiting Brexit to undercut EU labourers nor in following EU state rules. The EU justifies the request for a legally binding agreement because Britain has direct links between the two markets and possibility of undermining EU’s single market.
Both the European Union and Britain have turned on each other in the midst of talks. London has accused Brussels of reneging on the original deal and despite Boris’ ever-readiness for no-deal, all arrows point to the fact that a deal will take place before the deadline approaches.