U.K. and E.U. officials begin trade talks, agreement breakdown looms

03.03.2020 - Petr Mazaylo
U.K. and E.U. officials begin trade talks, agreement breakdown looms

Officials of the British government and the European Union will commence their trade negotiations on Monday to bridge gaps between the E.U. and the U.K. brought about by the eventual Brexit. However, breakdown fears grow amid the incipient trade talks.

Three individuals familiar with the development raised concerns that both parties are waving red flags which might deter the agreement by April.

The U.K and the E.U. are clashing against certain issues including stated aid, in which the E.U. would want the U.K to adhere to the Union’s standards even after the former left its single market.

On the other hand, British Prime Minister Boris Johnson expresses his concern over EU officials worried about him retracting his commitments to avoid establishing a hard border on the island of Ireland.

Once the trade talks breakdown occurs, Britain will leave the E.U. single market and customs union without special trading agreements or provisions at the end of the year. If this happens, major disruptions of trading activities will create huge economic damage for both markets.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?