There might not be enough time to conclude and ratify a deal in time
This week will be the last official round of negotiations currently
foreseen between the EU and the U.K. Business is increasingly alarmed by
the complexity of issues that still need to be addressed and the little
time left until the end of the transition period.
BusinessEurope Director General Markus J. Beyrer said: "We are
sleepwalking into a precipice. Going from full market integration to a
no-deal scenario would have devastating consequences for companies that
are already struggling with the impact of COVID-19. We urge both sides
to show a strong political will to find a compromise and define a clear
path that could rapidly lead us to a deal.
European business is still convinced that a reasonable outcome is
possible, keeping trade as frictionless as possible while safeguarding a
level playing field. Trust is key and previous commitments, in
particular the Withdrawal Agreement, must be fully respected and
implemented," Beyrer added.
Business Europe
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