Advertisement
UK markets close in 2 hours 33 minutes
  • FTSE 100

    7,838.19
    -38.86 (-0.49%)
     
  • FTSE 250

    19,321.57
    -129.10 (-0.66%)
     
  • AIM

    742.71
    -2.58 (-0.35%)
     
  • GBP/EUR

    1.1672
    -0.0011 (-0.10%)
     
  • GBP/USD

    1.2451
    +0.0013 (+0.10%)
     
  • Bitcoin GBP

    52,257.35
    +2,327.88 (+4.66%)
     
  • CMC Crypto 200

    1,341.49
    +28.87 (+2.25%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CRUDE OIL

    82.48
    -0.25 (-0.30%)
     
  • GOLD FUTURES

    2,398.20
    +0.20 (+0.01%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,724.74
    -112.66 (-0.63%)
     
  • CAC 40

    8,012.43
    -10.83 (-0.13%)
     

UPDATE 1-Brexit negotiator Michel Barnier to prioritise UK trade deal post-Brexit -Financial Times

(Adds details)

Nov 26 (Reuters) - The European Union's Brexit negotiator, Michel Barnier, has told EU politicians he will make Britain's new trade deal with the EU a priority after Brexit, the Financial Times reported https://www.ft.com/content/93bc9ae2-108b-11ea-a7e6-62bf4f9e548a, citing people briefed on a closed-door meeting in Strasbourg on Tuesday.

In the meeting, while addressing members of the European Parliament, Barnier said the 11 months from Britain's planned EU exit on Jan. 31 until the end of its transition period would normally not be enough to negotiate a trade agreement, the newspaper reported.

But he added that Brussels will strive to have a deal in place for the end of 2020, according to the report.

ADVERTISEMENT

Barnier also said issues beyond the scope of the trade pact, such as concluding an agreement on road freight and aircraft takeoff and landing rights, could take longer, with the option for Brussels to take contingency measures to prevent economic disruption if talks were to continue past the end of 2020, the report said.

Barnier said cooperation with the UK on security and defence was also a top priority for the EU in the talks, according to the FT.

Barnier's reported remarks follow his comments earlier this month when he said negotiations on a future trading relationship with Britain would be "difficult and demanding," as the bloc "will not tolerate unfair competitive advantage". (Reporting by Anurag Maan in Bengaluru; Editing by Sandra Maler and Tom Brown)