BREXIT: UK Reduces Demand on Fishing, EU Says

There is a significant difference as the two parties hold 48 hours of important talks

Brexit: The UK Reduces Demand on Fishing

Boris Johnson has reduced his Brexit demands to entrust the EU fishing fleet to 60% of the value of shares taken from British waters, but the gap with Brussels is wide, with Michel Barnier further stating that Described as an important 36 hours.

At a briefing by EU ambassadors and MEPs in Brussels, Bloc's chief negotiator said Downing Street had reduced its demand by 80%, but it was unclear whether the division could be eliminated in the remaining time. The motivated Member States to act in a hurry. A deal.

The European Union has so far offered repatriation of 15% –18% of the value of shares held in the Channel, the Irish Sea, and the North-East Atlantic, an offer rejected by Downing Street as "derivative".

On the "level playing field" provisions, Barnier said that common ground was slowly being found, with the UK offering more and more flexibility on a mechanism in recent times to ensure that over time- Neither side could achieve a competitive advantage.

Speaking in front of EU representatives via videoconferencing from London, Barnier said Brussels was also making some progress in assuring that future domestic subsidies, known as state aid, would be provided by the UK government. The transition period on 31 December will not distort the business after it ends.

But there are also questions as to whether the domestic regulator will give prior approval for the subsidy and what unilateral treatment will be available in the event of a dispute.

"Barnier said that the coming hours were going to be decisive, for which the response was, what's your rush!" A senior EU diplomat said. "Ambassadors for every country on the UK border - 11 in all - all raised concerns on the playground and suggested it was on the edge of their negotiating mandate."

EU ambassadors also urged Barnier not to allow fishing at the last moment for fear of pressure should Britain be able to run away with a deal that was damaging to the European fishing industry.

Barnier said Britain's demand for annual negotiations on catches could be accepted, but there should be a means of imposing tariffs on certain stocks if the EU was denied access to boats.

Negotiators were also including a review clause for the entire deal so that the terms could be re-joined in time, but several ambassadors spoke against the proposal. "The European Union wants a stable deal, not something that will be rewritten in a few years," a source said.

Barnier told the ambassadors that he would send them back on Friday and stressed the importance of progress during talks in London over the next two days.

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