Published: 11:14, September 9, 2020 | Updated: 17:53, June 5, 2023
UK, EU start new round of trade talks before Oct 15 deadline
By Reuters

Britain's Chief Negotiator of Task Force Europe David Frost arrives at 10 Downing Street in central London on Sept 8, 2020. (PHOTO / AFP)

LONDON - Crucial talks aimed at finding a post-Brexit trade deal between Britain and the European Union (EU) opened Tuesday in London.

Britain's chief Brexit negotiator David Frost called for realism from the EU side prior to the talks, insisting there was still time for the two sides to agree on a post-Brexit trade deal.

British communities secretary Robert Jenrick said on the Times Radio station Tuesday that the government was willing to leave without a deal if necessary and urged the 27 member states of the bloc to show flexibility.

British communities secretary Robert Jenrick said on the Times Radio station Tuesday that the government was willing to leave without a deal if necessary and urged the 27 member states of the bloc to show flexibility

ALSO READ: UK warns EU on Brexit: We won't blink first

British Prime Minister Boris Johnson said Monday that he wants a post-Brexit trade deal agreed with the European Union (EU) by an Oct 15 deadline, warning that a failure of that could mean London ending its EU membership with no deal.

However, for some business leader in Britain, "a no deal would be the worst outcome for consumers."

"Amid all the noise and negotiations, businesses in the UK and EU remain clear, a good deal is essential. An agreement will be the foundation for post-COVID recovery across the continent," said Josh Hardie, deputy director general of the Confederation of British Industry.

READ MORE: Brexit back in crisis as UK threatens to override pact

Britain ended its EU membership on Jan 31 but is still following EU rules during the transition period until Dec 31 to enable a permanent future trade deal to be reached. During this period, Britain would have to pay into EU funds but have no say in laws imposed by Brussels.

Both sides have said for a deal to be ready for implementation from January 2021, details need to be agreed by mid-October.

But negotiations stalled last month over fishing rights and a so-called level playing field over future subsidies to British industry.