Michel Barnier, the European Union’s Chief Negotiator has warned that after the seventh round of talks with the U.K. that ended in little progress, a post-Brexit trade deal is “unlikely” now.
“Too often this week it felt as if we were going backwards more than forwards. Given the short time left, what I said in London in July remains true. Today at this stage, an agreement between the UK and the European Union seems unlikely. I simply do not understand why we are wasting valuable time,” said Michel Barnier.
With the deal on the future trade agreement that needs to be secured by the end of October at the latest, both the sides have accepted that time is running out now. After 47 years of membership, Britain left the EU in January and is currently under an 11-month transition period, which UK Prime Minister Boris Johnson has ruled out any extension to and both the sides now need to agree for the deal to be ratified by October.