- UK-EU trade negotiations fail to agree on level playing field, fisheries and state aid - Reuters reports, citing EU and UK sources familiar with the matter
Market news
3 November 2020
UK-EU trade negotiations fail to agree on level playing field, fisheries and state aid - Reuters reports, citing EU and UK sources familiar with the matter
- Negotiations on fisheries are "stuck"
- Trade negotiations have so far failed to agree on level playing field; EU wants to prescribe joint standards in more detailed way, but UK is against it
- Talks failed to overcome differences over state aid, as well as EU demand for independent oversight body in UK to police any agreement between both parties
- But EU expects good progress and sides closing in on joint legal texts for other areas, including social security
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