A U.K. post Brexit trade deal with the European Union ‘seems unlikely’. Michel Barnier, the European Union’s chief negotiator said in a press conference.
David Frost, the U.K. chief negotiator and Barnier’s opposite number spoke of ‘little progress’ in the talks. This comes at a time when a conclusion of negotiated talks is required due to the self-imposed October 2020 deadline. This deadline is necessary to give time for any potential deal to be implemented before the legal end to the so-called ‘transition period’ on the 31st December.
However, a deal is still possible and Mr Barnier spoke of some progress on ‘technical issues’ such as ‘energy cooperation, union programs and anti-money laundering’, but an underlying framework for doing so remained elusive during the meeting between the two sides.