Britain-EU Call Off Trade Negotiations Scheduled for Next Week

As the number of coronavirus cases continue to rise across Europe, Britain and the EU have called off their in-person meetings on trade negotiations scheduled to take place in London next week. While no other details on alternate arrangements have been revealed, this development is expected to cause people further delays amid an already tight schedule and increase the uncertainty surrounding Brexit.

All leading governments worldwide have turned their attention towards combating the spread of the virus and its potential impact on their economies, pushing all other issues lower on the agenda. For the EU and Britain, post-Brexit negotiations have also correspondingly taken a backseat for now.

Despite the outbreak, the British government continues to insist on December 31 as the deadline for the transition period. Any negotiations about a possible trade deal will have to be completed in lesser time, as a result.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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