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Britain, EU to continue ‘knife edge’ Brexit talks


Kendy

Britain, EU to continue ‘knife edge’ Brexit talks
An electronic billboard displaying a British government information message advising businesses to prepare for the Brexit, in London, Britain December 4, 2020. (Reuters)

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London/Dublin – Britain and the European Union (EU) will make a last-ditch attempt to strike a post-Brexit trade deal this week, with probably just days left for negotiators to avert a chaotic parting of ways at the end of the year.

Ireland’s prime minister, whose country would face more economic pain than any of the other 26 EU member states in the case of a “no deal”, cautioned against over-optimism, putting the chances of an agreement at only 50-50.

British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen spoke over the weekend to get their teams back to the negotiating table after talks stalled on three thorny issues.

They are due to hold another call on Monday evening in the hope that, by then, stubborn differences over fishing rights in United Kingdom waters, fair competition – referred to as the level playing field – and ways to solve future disputes will have narrowed.

“This is the final throw of the dice,” said a British source close to the talks before they resumed in Brussels on Sunday.

Irish Prime Minister Micheal Martin struck a gloomy note.

“My sense, having spoken to some of the key principals here, is that it is a very challenging issue to resolve, particularly around the level playing field . . . . Things are on a knife edge here and it is serious,” he told national broadcaster RTE.

Since Britain formally left the EU on January 31, negotiators have missed several deadlines for a deal with the world’s largest trading bloc before a status quo transition period ends on December 31.

EU negotiator Michel Barnier will brief EU countries’ ambassadors to Brussels on the state of play early on Monday and talks are expected to continue through the day ahead of another check-in by Johnson and von der Leyen.

If there is no deal, a five-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.

British farming minister George Eustice said the country had made extensive preparations for a no-deal and was ready for it.

Mairead McGuinness, Ireland’s commissioner on the EU’s executive, said the next 48 hours were “very crucial”, but even if negotiators fail to reach an accord the two sides will still have to discuss their future relationship in the new year. (Reuters)

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