Brexit: New phase of negotiations – BNPP

The European Council found that Brexit talks between the UK and the European Commission had advanced sufficiently to launch a new phase of negotiations, according to Catherine Stephan, Research Analyst at BNP Paribas.

Key Quotes

“The definitive withdrawal agreement must include the terms for the transition period as well as a policy statement defining the framework for the future trade relationship between the UK and the EU.”

“The EU wants a framework similar to its trade agreement with Canada, which reflects the UK’s desire to leave the Single Market.”

“The UK wants a trade agreement that includes the services sector.”