AGL 38.48 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 203.02 Decreased By ▼ -4.75 (-2.29%)
BOP 10.17 Increased By ▲ 0.11 (1.09%)
CNERGY 6.54 Decreased By ▼ -0.54 (-7.63%)
DCL 9.58 Decreased By ▼ -0.41 (-4.1%)
DFML 40.02 Decreased By ▼ -1.12 (-2.72%)
DGKC 98.08 Decreased By ▼ -5.38 (-5.2%)
FCCL 34.96 Decreased By ▼ -1.39 (-3.82%)
FFBL 86.43 Decreased By ▼ -5.16 (-5.63%)
FFL 13.90 Decreased By ▼ -0.70 (-4.79%)
HUBC 131.57 Decreased By ▼ -7.86 (-5.64%)
HUMNL 14.02 Decreased By ▼ -0.08 (-0.57%)
KEL 5.61 Decreased By ▼ -0.36 (-6.03%)
KOSM 7.27 Decreased By ▼ -0.59 (-7.51%)
MLCF 45.59 Decreased By ▼ -1.69 (-3.57%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 220.76 Decreased By ▼ -1.90 (-0.85%)
PAEL 38.48 Increased By ▲ 0.37 (0.97%)
PIBTL 8.91 Decreased By ▼ -0.36 (-3.88%)
PPL 197.88 Decreased By ▼ -7.97 (-3.87%)
PRL 39.03 Decreased By ▼ -0.82 (-2.06%)
PTC 25.47 Decreased By ▼ -1.15 (-4.32%)
SEARL 103.05 Decreased By ▼ -7.19 (-6.52%)
TELE 9.02 Decreased By ▼ -0.21 (-2.28%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.75 Decreased By ▼ -0.02 (-0.15%)
TREET 25.12 Decreased By ▼ -1.33 (-5.03%)
TRG 58.04 Decreased By ▼ -2.50 (-4.13%)
UNITY 33.67 Decreased By ▼ -0.47 (-1.38%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,890 Decreased By -408.8 (-3.32%)
BR30 37,357 Decreased By -1520.9 (-3.91%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)

BRUSSELS: Britain and the European Union on Friday said post-Brexit trade talks remained deadlocked on key areas, as London urged Brussels to give ground to avoid a damaging "no-deal" at the end of the year. Both sides have pinpointed a European summit on October 15 as the latest agreement could be reached for it to be ratified in time for it take effect at the end of December.

But the EU's chief negotiator Michel Barnier and his UK counterpart David Frost complained of a continued gulf between the two sides in crucial areas such as competition rules and fishing rights.

After the ninth round of talks in the tortuous process broke up in Brussels, with renewed commitments to find a way out of the impasse, there was clear acknowledgement the clock was ticking.

"To reach an agreement, these divergences must necessarily be overcome over the next weeks," said Barnier. Despite indicating there were signs of agreement in a number of areas, Frost warned disagreements over competition rules and fishing may be "impossible" to overcome without the EU giving ground.

"I am concerned that there is very little time now to resolve these issues ahead of the European Council on October 15," he said. Next steps may be determined on Saturday in a video conference between European Commission chief Ursula von der Leyen and Britain's Prime Minister Boris Johnson.

Johnson - a key figure in the lengthy and divisive process to take Britain out of the bloc - said it was up to Brussels to agree to terms to unblock a deal.

"It's all there, it's just up to them," he told the BBC, urging the EU to bow to common sense.

UK and EU officials said the two leaders would take stock of progress made in the latest round of talks even as von der Leyen again warned against a deal "at any price".

"This is so difficult, but overall where there is a will there is a way. I think we should intensify the negotiations," she told reporters after meeting leaders of the 27-member bloc.

German Chancellor Angela Merkel, who meets Barnier on Monday, said she believed a deal was still possible, though she said that the next days would be crucial.

"As long as negotiations continue, I am optimistic," she said. But she could "not announce a breakthrough as a matter of course either. That will be decided in the next few days".

Comments

Comments are closed.