The UK and the EU have failed to break the deadlock over Brexit talks. EU warned the UK that the discussions held so far have failed to make sufficient progress on future trade talks due to commence in October.
After 4 days of talks, Michel Barnier the Chief Brexit negotiator for the EU said that adequate progress is yet very distant. The talks held so far are inadequate for him to signal EU leaders to commence talks for future trade deals, said Barnier.
David Davis the Chief Brexit negotiator for the UK accepted that vital differences still remain. He asked the EU to display more flexibility to break the deadlock over Brexit talks, as quoted by The Hindu.
The EU has demanded that three major areas of concerns must be resolved prior to any future talks on trade deals. These include rights of EU nationals, UK’s exit bill payment and border issue between Ireland and Northern Ireland.
The UK has triggered the 2-year exit deadline in March 2017. It is hoping that the talks for future trade relations with the EU begin as early as October this year. David Davies said that with every passing day the exit deadline was fast approaching and talks must progress at a faster speed. He also declined to endorse the monetary commitments that UK will have to make to the EU for its exit.
Michel Barnier said that the EU was prepared to enhance the pace of the talks with the UK. It has been projected that UK’s exit bill to cover its commitments could go up to 60 billion Euros. On the other hand, the UK government has rubbished any such high exit bill.
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