The European Union’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations on a trade deal with Britain were reaching “a make-or-break moment”, and they urged him not to be rushed into an unsatisfactory agreement.
Four diplomats told Reuters after a briefing by Michel Barnier that the talks remained snagged – as they have been for months – on fishing rights in British waters, ensuring fair competition guarantees and ways to solve future disputes.
“He said the coming days will be decisive,” said a senior EU diplomat who took part in the briefing, just over four weeks before the end-of-year deadline for a deal to avoid what could be an economically damaging divorce.
Speaking on condition of anonymity, the diplomat said Barnier did not specify a date by which an agreement must be clinched, but time will be needed for all 27 member states and the European Parliament to approve it before Dec. 31.
“Swift progress is of the essence,” David McAllister, who chairs a Brexit group in the European Parliament, said on Twitter. “An agreement needs to be reached within very few days if (the European) Council and Parliament are to complete their respective procedures before the end of the transition period.”
Prime Minister Boris Johnson said Britain remained “absolutely committed to trying to get a deal if we can” but the EU knew what the bottom line was.
“It’s about making sure that the UK is able to run its own laws, its own fisheries, and so on,” he told a media conference.
British finance minister Rishi Sunak called for “a constructive attitude and goodwill on all sides” so “we can get there”.
Britain formally left the EU on Jan. 31 after 47 years of membership but then entered a transition period under which EU laws apply until the end of this year to give citizens and businesses time to adapt.
EU rules for the internal market and the EU Customs Union will not apply to Britain from Jan. 1.
Failure to secure a trade deal would snarl borders, spook financial markets and disrupt delicate supply chains that stretch across Europe and beyond, just as countries grapple with the COVID-19 pandemic.