• Brexit series: Brexit deadlock unlikely to break at upcoming leaders’ summit

    Source: FxWireCommentary / 13 Oct 2017 04:40:08   Eastern Standard Time

    Earlier this week, the European Union’s chief Brexit negotiator announced after a meeting with his UK counterpart David Davis that the talks have reached a deadlock over the divorce bill settlement and sufficient progress has not been made to open talks with regard to Britain’s future relationship with the European Union and trade talks. The conclusion came after the fifth rounds of talks on the Brexit agreement. Though he remained hopeful of reaching an agreement soon but such is unlikely to happen until next few months.

    The UK Prime minister Theresa May had hoped of breaking any gridlock between London and Brussels during talks with the European leaders at the upcoming European leaders' summit next week on 19th and 20th.

    However, according to a report by Financial Times, such hopes could ultimately prove to be a futile one as the European Council President Donald Tusk circulated a draft resolution for the summit to the European leaders, just hours after the United Kingdom made an appeal to them to relax Mr. Barnier’s mandate to allow flexibility. The United Kingdom has repeatedly urged the European Union to simultaneously continue trade talks and future relations along with other issues like Brexit bill and EU citizen’s rights in the UK. So far, Brussels has refused to talks on trade unless Brexit bill issue is settled.

    According to Financial Times, the draft suggests that sufficient progress has not been made from the United Kingdom’s side to push the negotiation to the next level to include trades and it suggests that EU leaders would reassess the progress made at the December Summit, not in the next week’s summit. Recently the European Parliament voted with an overwhelming majority to accept the Commission’s proposal that talks have not progressed enough to include trade.