European Union has finally realised that Brexit trade deal needs to respect British sovereignty, and so negotiations will continue this week as there’re better chances for a deal to be secured with the UK government believing they have a better chance of a breakthrough with Brussels now that they’ve “shown appreciation for our position.”
The EU’s new position follows Mr Johnson and European Commission President Ursula Von Der Leyen agreement for negotiations to continue this week after failing to stick to Sunday as the deadline for negotiation as announced.
However, Britain has maintained it will walk away from the European Union and begin trading on World Trade Organisation terms from January 1. But with setting too many deadlines and sticking to none, it’s not immediately clear if the “walk away and begin trading on WTO term after December 31” will hold.
As usual, sources close to the UK and the EU kept claiming progress have been made, and would in later statement reveal that major issues still remain locked. This time, one of the progress that’s claimed to have been made is the EU dropping its “ratchet clause” demand for Britain to be permanently tied to the bloc’s rules.
Both sides are now working on drawing a line on how the UK can be allowed a managed divergence from the EU’s regulations without eurocrats having the authority to impose tariffs on Britain at will.
Negotiators from the UK and the EU are also now exploring a type of solution that would take future trade disagreement to an independent body if either side sees that a rule has changed and it’s not quite favourable, and thus does not offer a fair competitive advantage for it businesses.
Pointing to EU’s concession ahead of new talks, a senior EU source said, “The defence of the single market is a red line for the European Union. What we have proposed to the United Kingdom respects British sovereignty. It could be the basis for an agreement.”
Mr Johnson said after speaking with Ms Von Der Leyen and then holding an emergency Cabinet meeting, that both sides will try “with all our hearts” to strike a deal.
After holding unfruitful trade talks with Ms Von Der Leyen on Sunday, Mr Johnson warned the UK should “…get ready to trade on WTO terms as a no-deal exit remains the “most likely” outcome. As things stand, and this is what Ursula and I agreed, I’m afraid we are still very far apart on some key things,” he said.
“But where there is life, there’s hope. We are going to keep talking to see what we can do. The UK certainly won’t be walking away from the talks. I think people will expect us to go the extra mile.”
“What we can’t do is a compromise on that fundamental nature of what Brexit is all about, which is us being able to control our laws, control our fisheries. It’s very very simple – I think our friends get it.”