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“We agreed today that the conditions for the agreement have not been met due to significant [pozicijų] differences on issues such as equal competition rules, governance and fisheries, “said EU negotiator Michel Barnier and his British counterpart David Frost.
The Community’s chief negotiator said the gap between the two countries remained after an intense week, prompting him to “pause” the negotiations with his British counterpart and report back to von der Leyen and Johnson, who would in turn discuss the status of negotiations on Saturday.
If the parties do not reach an agreement, serious economic disruption will not be avoided as the European economy is already in a deep recession due to the coronavirus pandemic.
The main disagreement is over how to harmonize the EU and UK health, labor and environmental standards without compromising Britain’s regained sovereignty.
Furthermore, some countries are particularly concerned about the issue of fishing rights. They want EU fishermen to continue to have access to UK fisheries, and Britain wants them to be strictly controlled.
Any agreement must be ratified by the member states, as well as the UK and EU parliaments. This process would begin approximately two weeks after signing, which would require translations and legal evaluation.
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