Air Freight News

UK may have given up on Brexit deal, EU’s trade chief says

The U.K. may have already given up on the prospect of getting a trade agreement with the European Union, one of the bloc’s most senior officials said, adding to signs of increasing friction in the negotiations.

“We’re not making much progress at the moment,” EU Trade Commissioner Phil Hogan told the European Parliament’s trade committee on Thursday in Brussels. “Perhaps the United Kingdom has come to the conclusion that there’s not going to be a deal.”

Negotiations on the future relationship resume next week with neither side expecting significant movement and the risks growing of a rupture at the end of the year. Unless they can bridge their differences before then, Britain will leave the EU’s single market and customs union without a trade deal in place. That would lead to disruption and extra costs for businesses and consumers already reeling from the coronavirus.

“We hope that we will see a bigger effort than we have seen to date from the United Kingdom side to move on certain issues, because we stand ready to move toward some of the solutions that are required as well on many issues of concern to both sides,” Hogan said. “Speed is of the essence because time is short.”

Hardly anything has shifted on the most fundamental disagreements since talks began in March. Britain won’t countenance limits on its regulatory powers, which the EU says are necessary to ensure a level playing field for businesses. Meanwhile, the EU says it won’t agree to a trade accord if the U.K. refuses to rule out undercutting the bloc’s standards.

“We have a spirit in the European Union to try and do a deal, but we’re not getting much traction from the United Kingdom negotiators to date,” Hogan said. “Perhaps this is more strategy than substance, but we certainly need confidence-building measures in the next round of negotiations next week.”

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

United States and Norway issue innovative report creating greater transparency in critical mineral supply chains

Today, the U.S. Department of Commerce and the Norwegian Ministry of Trade, Industry, and Fisheries issued a thorough, innovative report presenting our shared understanding of non-market policies and practices (NMPPs)…

View Article
December CNBC/NRF retail monitor results show strong growth boosted by final Thanksgiving weekend days

Retail sales jumped strongly in December, boosted in part by two busy holiday shopping days during Thanksgiving weekend falling in the final month of the year, according to the CNBC/NRF…

View Article
NAW presents Dirk Van Dongen Lifetime Achievement Award to Bergman, CEO of Henry Schein, Inc.

At the 2025 NAW Executive Summit Gala on January 28 in Washington, D.C.

View Article
https://www.ajot.com/images/uploads/article/Chemicals_Ind_Image.png
St. Louis region’s chemical industry welcomes new investment
View Article
https://www.ajot.com/images/uploads/article/DSC_WOODLAND_1083.png
Navigating compliance: Adapting to changing Customs regulations in global supply chains
View Article
https://www.ajot.com/images/uploads/article/December-2024-Transportation-Employment.png
December 2024 U.S. Transportation Sector Unemployment (4.3%) Was the Same As the December 2023 Level (4.3%) And Above the Pre-Pandemic December 2019 Level (2.8%)
View Article