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UK, EU agree to take more time for Brexit deal

19
Oct '18
UK, EU agree to take more time for Brexit deal
After an ongoing Brexit summit produced no tangible results, European Union (EU) leaders will take several more weeks—probably till the year end—to clinch a friendly divorce with the United Kingdom before their separation. EU leaders have scrapped the extraordinary summit on Brexit in November due to lack of progress made on the Irish border issue.

British Prime Minister Theresa May reportedly offered none of the substantial new proposals that EU Council chief Donald Tusk had urged her to bring to the table. Chief EU negotiator Michel Barnier said they need time.

EU leaders will assess the situation and meet if necessary, global news wires reported. The next official EU summit is scheduled for December.

Both sides agree for a soft land border between Ireland and the United Kingdom, but each has rejected the other’s solution.

Recently, there was a suggestion from EU leaders that the transition period, currently due to end in December 2020, could be extended by a year to provide more time for a trade deal to be forged that would make the backstop unnecessary. (DS)

Fibre2Fashion News Desk – India


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