Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans    CBE Governor emphasizes ongoing coordination between monetary, fiscal policies    Gold prices hold steady in Egypt despite stronger EGP: Metals Division    Ministers of Egypt، Slovakia sign MoU on environmental protection، climate change    Pakistan's PM to attend Sharm El-Sheikh peace summit on Gaza    Sisi, Trump to lead Sharm El-Sheikh Summit for Peace for Gaza peace push on Oct. 13    Egypt's FM holds talks with global counterparts ahead of Sharm El-Sheikh peace summit    Egypt extends heartfelt condolences to Qatar after tragic road accident in Sharm El-Sheikh    EGX starts week in green, main index flat on Oct. 12    S&P upgrades Egypt to 'B', citing reform gains, stronger growth outlook    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Al-Sisi, Cypriot president discuss Gaza ceasefire deal, bilateral cooperation    Egypt's Health Minister showcases Women's Health Initiative at Berlin Innovation Forum    Trump declares 100% tariffs on China, sending global markets tumbling    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt reconstitutes board of State Information Service    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    URGENT: Egypt's annual core inflation hits 11.3% in Sept – CBE    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    Egypt's Cabinet approves decree featuring Queen Margaret, Edinburgh Napier campuses    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Egypt's Sisi congratulates Khaled El-Enany on landslide UNESCO director-general election win    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt's Al-Sisi commemorates October War, discusses national security with top brass    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt's ministry of housing hails Arab Contractors for 5 ENR global project awards    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



With a month until split, Brexit trade deal hangs in balance
Published in Ahram Online on 01 - 12 - 2020

The British government told businesses on Tuesday to make sure they are ready for big changes when the U.K. makes its final Brexit break from the European Union in exactly a month. But with negotiations on a free-trade deal with the bloc stuck, firms say they still don't know key details of what those changes will be.
Michael Gove, the minister in charge of Brexit preparations, said trade talks were ``getting close to the wire.''
``It's certainly the case that there is a chance that we may not get a negotiation outcome, that's why it's important that businesses prepare for all eventualities,'' he told ITV.
The U.K. left the EU early this year, but remained part of the 27-nation bloc's economic embrace during an 11-month transition as the two sides tried to negotiate a new free-trade deal to take effect Jan. 1.
Talks have already slipped past the mid-November date long set as a deadline for agreement to be reached if it is to be approved by lawmakers in Britain and the EU before the end of the year.
Teams led by EU chief negotiator Michel Barnier and British counterpart David Frost met through the weekend in London with no breakthrough. Talks are continuing, and U.K. officials have said this is the last week to strike a deal.
The two sides remain stuck over key issues including the resolution of future disputes and ``level playing field'' provisions _ the standards the U.K. must meet to export into the EU.
The biggest hurdle appears to be fish, a small part of the economy with an outsized symbolic importance for Europe's maritime nations. EU countries want their boats to be able to keep fishing in British waters, while the U.K. insists it must control access and quotas.
Gove said EU demands on fishing were ``not fair,'' but EU nations such as France are reluctant to relinquish their access to British waters.
Speaking from the French presidential palace after a meeting with Belgian Prime Minister on Tuesday, French President Emmanuel Macron warned Tuesday that France won't accept an agreement that ``would not respect our interests in the long term.''
Macron said France would be ``extremely vigilant'' on the ``essential'' issues of fair competition and fishing he said after meeting Belgium's prime minister in Paris.
Belgian Prime Minister Alexander De Croo agreed that ``an agreement is important but not at any price.'' He said the EU and Britain were in the last moment of negotiations.
``We may score a game-winning goal at the last minute,'' he said. ``It's time to really see whether it's possible to move forward and get a deal.''
If there is no deal, New Year's Day will bring huge disruption, with the overnight imposition of tariffs and other barriers to U.K.-EU trade. That will hurt both sides, but the burden will fall most heavily on Britain, which does almost half its trade with the EU.
The British government has launched a major information campaign, with billboards and advertisements warning that ``time is running out'' and telling businesses to get ready for change on Jan. 1. But firms that trade with the EU say they still don't know what conditions they will face in a month's time.
``There's an awful lot I don't feel ready for because I can't get the answers from the government website,'' said James Greenham, managing director of EMS Physio, which exports physiotherapy equipment.
``You go on the government website and you get taken down various wormholes and then it ends in a dead end,'' he told the BBC. ``There's no information. The decision has yet to be taken.''
Things will be smoother with a deal, which would remove quotas and tariffs on goods, though businesses still face new obstacles and red tape, including customs declarations and border checks.
Gove said ``more than 80% of what business needs to do'' would be the same whether or not there is an agreement.
``But I very much want a deal and I believe that we can secure one,'' he said.


Clic here to read the story from its source.