A deal in trade negotiations is a ‘potentially possible’ outcome, Juncker says

A deal in trade negotiations is a ‘potentially possible’ outcome, Juncker says

European Commission President Jean-Claude Juncker will address a session of the European Parliament on Brexit on January 30, 2019 in Brussels, Belgium.

Thierry Monase | Getty Images

Former European Commission President Jean-Claude Juncker said at an event on Tuesday that UK and EU negotiators are unlikely to reach a trade agreement in the coming months.

The two negotiating teams on Tuesday began the eighth phase of discussions on new trade arrangements – the necessary steps after the UK left the European Union in January and agreed to work towards a trade deal with the bloc, which will take effect in January 2021.

However, no significant progress has been made in trade negotiations so far Doubts are growing that this will grow In the coming weeks.

“The situation is not evolving in the best possible way,” said Jean-Claude Juncker, who led the EU’s executive arm between 2014 and 2019 at an event hosted by the financial services company’s principal.

“No deal is a potential and potential and not the only result of negotiations,” said Juncker, who has played the role several times before. Brexit Negotiations, said.

Tensions between the two sides of the English Channel have risen in recent days, with reports that the UK government is preparing to override parts of the withdrawal agreement – the deal allows for its systematic departure and transition period during 2020.

It will undermine confidence in trade negotiations flapping parts of the agreement; The EU has said that the implementation of the withdrawal agreement is a prerequisite for any trade deal.

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European Commission President Ursula von der Leyen said on Monday, “I trust the British government to implement the withdrawal agreement, which is a duty under international law and a prerequisite for any future partnership.”

In addition, UK and EU negotiators have been unable to agree on new rules on state aid and fisheries since trade talks began earlier this year.

Speaking on Sunday evening, the Prime Minister of the UK Boris Johnson Said if they could not resolve these differences by October 15, I do not see that there will be a free trade agreement between us.

This means that by 1 January, EU-UK trade will comply with WTO rules. In practical terms, this could increase costs for companies on both sides.

According to JKK, the UK government “does not understand that there is no way to be part of the internal market without agreeing to the general rules.”

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