The President of the European Council, Charles Michel, thinks there will be clarity soon about a trade agreement between the European Union and the United Kingdom. The Belgian said on Friday he expected a result of the negotiations “in the coming hours or days”.
The two sides would have moved closer to a deal in the days leading up to Thursday, but that progress would have been wiped out on Thursday, according to the British press. Problems would have arisen in talks about supervision.
BBC News reports that the EU wants to create a regulator to ensure that the British do not violate competition rules, which according to the UK is a new demand from the EU. EU diplomats deny this to the British state broadcaster and would have been surprised at the comment from the British camp.
The problem that arose on Thursday does not alter the fact that the EU and the UK have come closer together on problem topics such as fisheries and competition rules, the so-called level playing field. These two issues have been the biggest stumbling blocks since the start of negotiations in March.
If the party is still canceled, the parties will arrive at the economic disaster scenario: the no-deal Brexit. Michel repeated for the umpteenth time that the EU is prepared for every scenario. “We want a deal, but not at all costs,” said the Belgian.
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