Great Britain Wants to Conclude a Trade Deal with EU by October 15
OREANDA-NEWS. The United Kingdom has set a deadline October 15 to agree on a Brexit trade deal with the European Union. This was reported by Reuters agency, citing a statement by British Prime Minister Boris Johnson made before the final round of negotiations. If the deal is not agreed, both parties should “accept that and move on,” he said.
Negotiations are due to resume on September 7. They were previously stumped by Britain’s insistence on full autonomy over government support and fisheries. “If we can’t agree by then, then I do not see that there will be a free trade agreement between us, and we should both accept that and move on,” Johnson said. In the event that a deal is not reached, the UK–EU trade relationship will continue along the lines of an agreement between the EU and Australia.
The United Kingdom left the European Union on January 31. Until the end of 2020, a transitional period lasts, when the parties agree on a model for future cooperation. EU rules still apply to the UK.