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Negotiations on a treaty for future relations between the UK and the EU are in the last stages. A press conference is expected in the morning.
After a general agreement on key points in a Brexit trade pact, everything points to an agreement on Christmas Eve. Experts on both sides had worked out the details to the end. The work will continue through the night, EU Commission spokesman Eric Mamer wrote on Twitter Wednesday evening. A press conference is scheduled for early Thursday, the BBC reported. Prime Minister Boris Johnson briefed his key ministers on the current status that evening, the Palestinian Authority agency reported.
Without agreement there is a risk of fees
The comprehensive trade agreement is designed to avoid a severe economic breakdown at the last minute. The transitional phase of Brexit will end on December 31 and Britain will leave the EU internal market and customs union. Without an agreement, there is the risk of tariffs and trade barriers.
In the end, the biggest points of contention were the EU’s demand for fair competition between the contracting parties – an agreement in principle was announced on Wednesday afternoon – and the access rights of EU fishermen to British waters. . The contract was almost ready, he said early Thursday from EU circles.
“The signals are good,” Irish Prime Minister Micheál Martin said on Irish television that night. After much work and time invested on the key issue of fishing, “there seems to be a feeling today that something is coming to an end.”
