The Pak Banker

Britain, EU start key week of Brexit talks with 'better mood music'

- -REUTERS

BRUSSELS: The European Union and Britain start a decisive week of talks on Monday on a new trade deal and implementi­ng their divorce agreement before national leaders assess progress or the risk of a no-deal split on Thursday and Friday. Negotiatio­ns this year have stumbled over fisheries, fair competitio­n and settling disputes, and Brexit talks descended into new chaos this month when London proposed draft laws that would undermine its earlier EU divorce bill.

An EU diplomat said however that "the mood music was a bit better" after Britain's Brexit supremo Michael Gove expressed confidence about securing a trade deal. "It's high time that negotiatio­ns move forward, we need to make progress on issues like the level playing field, fisheries and governance," the diplomat told Reuters on condition of anonymity.

"The UK still has to restore trust after the Internal Market Bill escalation." Gove meets a deputy head of the bloc's executive Commission, Maros Sefcovic, on Monday in the Joint Committee tasked with implementi­ng the divorce treaty and now looking at the contentiou­s new UK laws.

"We are looking forward to continuing our discussion­s at the Joint Committee and working towards a satisfacto­ry outcome for both sides," a UK government spokeswoma­n said. Trade talks headed by the EU's Michel Barnier and the UK's David Frost resume in Brussels on Tuesday. Lasting until Friday morning and also due to cover energy cooperatio­n and transport, they are the final round of negotiatio­ns scheduled so far. EU leaders meeting in Brussels on Thursday and Friday are expected to authorise more negotiatio­ns before their next summit on Oct. 15-16.

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