AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)

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.