‘Narrow Path’ to Brexit Trade Deal Visible, Next Few Days Critical

  • Date: 14-Dec-2020
  • Source: Asharq AL-awsat
  • Sector:Economy
  • Country:Middle East
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‘Narrow Path’ to Brexit Trade Deal Visible, Next Few Days Critical

European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country's final break with the 27-nation bloc on Dec. 31 but the next few days of negotiations would be critical.

A senior EU diplomat who attended a closed-door briefing by Barnier on the state of play in Brussels said the tortuous trade talks could collapse but for now "the patient is still alive".

"There might now be a narrow path to an agreement visible - if negotiators can clear the remaining hurdles in the next few days," another EU diplomat said, adding that success depends on London accepting "inherent trade-offs" for a fair deal.

Despite missing multiple deadlines, Britain and the EU agreed on Sunday to "go the extra mile" to try to break deadlocks on access to UK fishing waters for EU trawlers and corporate fair play rules in order to avert a turbulent split in trading ties at the end of the month.

"It is our responsibility to give the talks every chance of success," Barnier said in a tweet after his meeting with EU national envoys,