Brexit Trade Negotiations
It seems that while we have been talking about COVID and the US election it appears that Brexit trade talks have been underway between the UK and the EU. There is a report on the news services that PM Johnson is prepared to walk away from the table as some aspects of the negotiations have stalled and nothing has been reached by 15 October which is the deadline that PM Johnson has given himself to reach a deal. Will the UK walk away from the negotiations or will Brexit happen for the benefit of all parties?
There have been lots of talks about brexit, would the impact be positive?
I am not following the Brexit negotiation and what progress they have made. But it seems that the EU has more significant advantages over the UK. The EU side seems to enjoy the current negotiation progress and just waiting for the UK to initiate the necessary actions. It is evident in the statement made by Michel Barnier (the EU Chief Negotiator) where he said that there is a fresh and intensive talk in the negotiations. He also added that the deal would be reached by the end of October.
However, the UK seems to be disappointed with the progress of the negotiations. In his tweet, David Frost (the UK Chief Negotiator) said that he was disappointed with the way the negotiation proceeded. He was explicitly disappointed with how the EU only wait for the UK to initiate the necessary future actions. Further, he complained that it was not the way negotiation should proceed.
This situation indicates that the EU is happy with the current situation and is unwilling to initiate any action.
I am not sure if PM Johnson is still willing to walk away from the negotiating table and move ahead with Brxit without a deal. I know the media has been reporting this but who knows how true it is.
I think PM Johnson will seal deal soon, even though there is too conflict in the Brexit negotiations.
There are a lot of procedures and guidelines to be followed.European Union and United Kingdom each has benefits which should not end ,there should be establishment of future relationship between all stakeholders.By now all should have ended UK should have left now
In a give and take scenario, one party demands more than the other, using every trick in the book to twist the other’s arm, Compromise by one eventually breaks the deadlock.
Definitely all a game – they have made the deal just need to make sure they delay to help the market makers generate some profits and so they dont lose face with their elective by giving in too soon. They have to all be seen to be fighting for the best deal.
As of today, the negotiation is yet to reach an deal. However, the UK will no longer be part of EU by January 1st, 2021. After that, the EU and the UK will have a significant changes in their economic and social relationship. The UK will be free to establish a trade agreement with other countries. Also, there will be no free movement between the UK and European Citizen. Next year, the EU will treat UK similarly as they treat other countries.
I hope they reach a deal amicably without disrupting currency and stock markets. But it’s taking too long!
Brexit gives the UK the freedom to renew and extend its commercial ties with the rest of the world without the restrictions they have to deal with as members of the EU.
Brexit negotiations are on again and hopefully they will be concluded successfully this time.