Negotiations about a future trade treaty between the UK and the European Union appear to be stalled after the EU’s rejection of a British request to grant UK truckers wide-ranging access to Europe. UK negotiators want to return to the advantages they enjoyed when the country was still a member of the Union.
The main stumbling blocks on the way to an eventual trade treaty were, until now, diverging views of the concept of “level playing field” in environment and social matters. But other issues are also far from being resolved, in matters such as financial services or data exchange.
According to an article on marketwatch.com¸ the new deadlock shows that hopes for an agreement may still be premature. As both the UK and EU governments urge their own companies and banks to ramp up preparations for a possible “no deal” Brexit, expect more dramatization on both sides as negotiators enter the final stretch of these interminable talks, which went into their 7th round last Monday.